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Silver (XAGUSD)
Short

Silver 15M Day Setup

By malviainen
Updated
There is a bearish trend on the 15-minute timeframe. At the moment the price is finishing its bullish correction. Therefore, it is possible to take risk for short position from the bearish order block at a price of 23.154 - 23.104.

If the price breaks through this block and the candle body closes the Character Change line, it means the trend has changed and the setup is not valid.

Comment
Higher timeframe 2H
snapshot
Comment
Main Timeframe 1D Setup
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Comment
The price did not reach the order block and formed a new bearish momentum
snapshot
Comment
snapshot
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Trade closed manually
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Comment
I saw a sign of a reversal today and decided to take a short-term risk for day trading.
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Comment
first target 22.410 taken
Comment
chart on capital com where trade was opened
snapshot
Trade closed: stop reached
Economic CyclesSupply and DemandTrend Analysis
malviainen
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