Thursday, November 22, 2012

XAGUSD(Silver) Short Trade XAGUSD Short Trade
Pair XAGUSD is making out a ascending channel on hourly charts. 

This channel is in place since 7-Nov. 200EMA comes towards lower trendlien of channel while 100EMA is aproxx in middle of the channel.

The middle line in channel is also providing good support on any pullbacks from upper trendline. 

I went short at current price 33.36 for a possible move towards the mid line.

1 comment:

  1. It is extremely interesting for me to read this blog. Thanks for it. I like such themes and everything that is connected commodity & stock market. Thanks with Regards
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