(J) Trade 6: Silver at descending resistance #forex

Update: Reached target without triggering entry. Cancelled Trade.
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Trade 6: Pending Short XAGUSD @ 16.30
S.L @ 16.60
T1 15.92
T2 15.60

For $29,798.94 Balance, and 2% risk per trade ~ $600, Position size = 0.4 lot (0.2+0.2) .
Note: The value for each tick in silver equals $5.
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Reasoning

• Main short term trend line
  
• 50-Days SMA
  
• Major Pin bar at retest of both of the above
  
• Silver has been under=performing recently, compared to gold.
  

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