16 Dec 2014

SHORTING THE CHANNEL BREAK ON SILVER



















XAG/USD H4

I just took the short silver trade as it rebounded from the old support/new resistance and broke out from the rising trend channel with momentum.

I went short at 16.05 with a stop at 16.75 and target 15.52; 15.00 and looking to ride the downside all the way down to 10.00.

I am risking 1% of my account.

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