JackLesko
Short

XAGUSD - Possible Short

FOREXCOM:XAGUSD   Silver / U.S. Dollar
Here we can see a possible descending triangle formation. The structure could breakout to new highs. However, in the interim whilst US30 is making a bullish flag I expect a temporary downtrend within the triangle.

If there is negative news regarding the on-going trade war between the US and China, we could see these "safe haven" commodities make newer highs.

Entry @ 17.160
SL @ 17.260
TP @ 16.900
Trade closed: stop reached

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