PrimedGroup

XAGUSD Long / 7+RR Day, maybe Swing, Trade

Long
OANDA:XAGUSD   Silver / U.S. Dollar
Ok so we are long on XAGUSD, also long on NASDAQ and a few other pairs, no time to go over that right now.

I believe that XAG and XAUUSD can reverse to the upside in the coming hours and trading sessions.

In this reticular trade, we have the following:
- Entry at the fibs with selling price action slowing down
- RSI in the lows
- A trendline acting as a resistance, which can break with solid momentum

Not much more, our trading strategy is simple and easy...

Good luck trading this week!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.