(4h) Bearish Structure Breakout

FX:XAGUSD   Silver / U.S. Dollar

Shark printed at 241% extension, now fighting back at 224% also the 50% pullback.

For those who are not inside this one, wait for structure breakout correction before jump in.

AB=CD will be printed above the 38%, and there, one opportunity to close half position size and to move stops to break even.

Safe Trades;
Comment: 1st target reached. Close half position size. Move stops to breakeven. Free risk trade rolling
Trade closed: target reached: Both targets reached
good call, DO you think 61.80 (around 19.03) will be next target or will it reverse from here ?
+1 Reply
Sorry the delayed answer DownUnder, i do not think, i act ;) - The only thing i know for sure is where to put my stops, and once we hit the first target at 38%, i closed half of my position size (in units or volume) and my stops was set at Breakeven, i've won a free risk trade.
DownUnder Trading_Jazz
Yes again a very good trade for you. Good luck, keep up the good work.
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