XAG/USD - Bullish 5-0
This is insane, to round off my 50th idea on TradingView I'm sharing what could possibly be one of my biggest trades of 2016. Here we have XAG/USD on a Daily chart with a picture perfect bullish 5-0, this is an excellent short/long opportunity!
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
As you can see price has spiked up to hit a major level of resistance completing our C leg, in addition we are extremely overbought on RSI and I'm all for shorting this pair right down to below 16.000... We're in for a huge trading opportunity.
Do you want more trading inspiration?
Instagram: instagram.com/lewglasgow/
Youtube: youtube.com/channel/UChDAc_rLyoBZuhmxFpvX9lg
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
As you can see price has spiked up to hit a major level of resistance completing our C leg, in addition we are extremely overbought on RSI and I'm all for shorting this pair right down to below 16.000... We're in for a huge trading opportunity.
Do you want more trading inspiration?
Instagram: instagram.com/lewglasgow/
Youtube: youtube.com/channel/UChDAc_rLyoBZuhmxFpvX9lg
📈 Master the Art and Science of Trading: sixfigurecapital.com
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