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treynard18

XAGEUR Analysis

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Silver/EUR (OANDA:XAGEUR)  
treynard18 Diupdate   
OANDA:XAGEUR   Silver/EUR
Trend Analysis Double Top or Bottom Head and Shoulders
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trendanalysis doubletoporbottom headandshoulders
I see 4 points, connecting to areas of divergence. If you are not aware of what divergence is, divergence is when price moves contrary to technical indicators, such as oscillators, or other data, when the price of an asset moves in the opposite direction. I personally use divergence as a form of an oncoming reversal. If you know how to use the BBMA strategy, it is a great help to have an idea when the market change will happen. I also use that strategy as well along with this for confluence. From this analysis, I think price will reach 21.3852. I am already shorting this.

DISCLAIMER: I AM NOT A FINANCIAL ADVISOR. I AM JUST SHARING MY ANALYSIS AND THOUGHTS.
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