Silver/XAGUSD Scenario
My outlook on silver.
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Following a heavy downtrend on the weekly, a nice strong double top on the daily
and a downtrend continuation on the 4h, I see silver falling further to the major liquidity zone.
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Currently silver is testing the lower trend line which correlates with the 38.2% fib, looking at the strength and weakness
I hope for silver to break out of the zone and trend line testing the 50% fib.
After that I would like to see a deep pullback to the upside catching liquidity before downtrend continuation.
-
Let me know your thoughts.
-
Following a heavy downtrend on the weekly, a nice strong double top on the daily
and a downtrend continuation on the 4h, I see silver falling further to the major liquidity zone.
-
Currently silver is testing the lower trend line which correlates with the 38.2% fib, looking at the strength and weakness
I hope for silver to break out of the zone and trend line testing the 50% fib.
After that I would like to see a deep pullback to the upside catching liquidity before downtrend continuation.
-
Let me know your thoughts.
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