adam234

XAGUSD long entry / downward momentum seems to disappear

Long
FX:XAGUSD   Srebro/Dolar USA
2
I am following this clear trend for a while, which is mainly driven by rate hike expectation and USD strength. As the market prices the expectations before measures materialize, I think XAGUSD has suffered enough, and EURUSD went down as much as it could without further trigger. I have rarely seen more than 10 falling candles after each other on any time frame, moreover support around 14 USD seems to be a hard nut to crack. Yesterday’s candle hints for a fading momentum, with the possibility of a quick recovery. The risk - reward is good, I don't expect more from a setup the execute the trade...
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.