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justinholtgrave
5 aug 2017 19:08

Silver - Bearish Engulfing - Weekly Kort

Silver/U.S. DollarFXCM

Beskrivning

XAGUSD (Silver) has formed a bearish engulfing on the weekly, daily, and is currently forming one on the monthly time-frame. I will post the daily and monthly point of views in the comments below. The big spike down last month confirms this setup and the target price. Stop loss is set above the highs of the previous week. I would consider this a 100 score trade setup due to the significant bearish engulfing candles forming on the three major time-frames I use. Price failed to close above the down-trending support trend-line.

Kommentera

Daily POV:

Kommentera

Monthly POV:
Kommentarer
1dee_
Yes I see this move as well. Great analysis!
justinholtgrave
@1dee_, Thanks :)
Mer