Fxprotrader

Silver@ Harmonic Patterns Completion To Complete a WXYXZ Pattern

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Fxprotrader Diupdate   
FX:XAGUSD   Perak / Dollar A.S.
Looking at silver we can see that a bearish butterfly and a bearish deep crab harmonic pattern have completed in with their D points at the upper trendline of rising channel. In the channel we have 4 of 5 corrective waves (WXYXZ) completed and there is a great possibility that these two harmonic will push price down in order to have the last Z wave completed.

A good confirmation is that RSI is extremely overbought.

As usual i will trade this set up, entering the market with two position. SL and PT as shown at the chart. If price reaches the first one i will move SL to breakeven at the second one.

Like and comment,
John
Trading ditutup: target tercapai:
That was so fast.. Move stoploss to breakeven.
Trading ditutup: target tercapai:
Fastest profit ever.!!!

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