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EliteTradingSignals

SILVER SHORT FROM RESISTANCE

Short
Silver / U.S. Dollar (OANDA:XAGUSD)  
EliteTradingSignals Updated   
OANDA:XAGUSD   Silver / U.S. Dollar
Trend Analysis Chart Patterns Wave Analysis Silver short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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trendanalysis chartpattern waveanalysis silver short sell trading bearish forex forecast tecnhicalanalysis containsimage
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Hello,Friends!

SILVER pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 22.468 area.

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Comment:
I stand by my prediction and my idea is confirmed by the fact that the pair is moving towards the target!
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