XAGUSD: Time for a short
Updated
Hi traders,
Here we have the XAGUSD daily chart. We can see that we have reached the 50% Fibonacci retracement of the downwards move that initiated in the summer of last year. We also have a 161.8% Fibonacci extension at the exact same value.
Targets are 17.800 and 17.350.
Cheers!
Here we have the XAGUSD daily chart. We can see that we have reached the 50% Fibonacci retracement of the downwards move that initiated in the summer of last year. We also have a 161.8% Fibonacci extension at the exact same value.
Targets are 17.800 and 17.350.
Cheers!
Trade active
Note
First target hit!Trade closed: target reached
Both targets hit! Perfect.
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