Silver H1 | Falling to overlap supportSilver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 31.29 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 31.06 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 31.97 which is a level that aligns with the 127.2% Fibonacci extension.
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Stratos Markets Limited (www.fxcm.com):
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Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
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