26 Jan 2016

TRIANGLE BREAK ON SILVER

XAG/USD DAILY

The price has broken the symmetrical triangle formation it had been stuck in after consolidating at a six-year low.

My bias is now higher short to medium term and I am targeting the approx. 61.8% and 100% breakout targets at 14.75 and 15.10 accordingly.

Only a break below 13.62 would invalidate my bullish outlook on the precious metal.


For deeper knowledge on how the Forex market works and how to trade it simple check out our Forex Online School

If you don't want to miss any new trade ideas and updates, subscribe to one of our Trade It Simple Signal Service Plans and receive in your E-mail:
  • Entry details
  • Take-profit details
  • Stop-loss details
  • Trade updates
 SUBSCRIBE HERE!

0 comments :

Post a Comment