iDoji

XAGUSD 4H. Bear Flag. Trendline retest incoming ? Still short.

Satış
OANDA:XAGUSD   Gümüş/ABD Doları
A good & neat example of a bear flag here on the 4 hourly, I think this may play out further to the downside. My target is around $24:50 which will conveniently & neatly confirm the dotted trend line shown as a future potential in my previously published daily chart. My immediate sentiment is short but I am aware this is still all within a bigger potential ascending triangle, the top of which is the horizontal labelled 'B'. Wit this in mind, I will pay careful attention to see if price action takes us back over the earlier trend line marked 'A'.

Summary: Holding short for now, but if this starts to look like it could complete the ascending triangle pattern with some good impulse candles then this will change my bias.

I only trade small sums and I pay particular attention to risk and reward strategies. Attention to risk is critical to successful trading.

If you got this far: Thanks for looking!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.