#SILVER # XAGUSD can turn to a new low now

9 thg 11, 2020

Silver seems to have completed its "Y" wave with the recent sharp move to the $26 / INR 66000 area. This also hit the top of the corrective channel and seems to have a full wave structure. Silver now seems headed to a new low, stop losses will be recent highs made last week $26.05 .

9 thg 11, 2020

Đã hủy lệnh

There is a high possibility of a quick spurt to 67500 / $26.3 area before a meaningful down move. Risk should be managed well here. Re-entry for shorts should be at the lows already made for the day

10 thg 11, 2020

Giao dịch đang hoạt động

The break of the morning lows at INR 65335 ,$25.49 was signalled as a short entry and has now put us into a short trade. This has all the looks of a new downtrend. Sell on rallies if the right strategy now. Should head to new lows as indicated earlier.
A 5 wave downmove is completed, so a bounce should ensue providing a rentry for shorts