Trade Plan for Silver vs US Dollar (XAGUSD)

Silver vs US Dollar

#XAGUSD

     The trend is bearish. Silver is trading within the range of the 365 and 135 EMAs. The truncated bullish wave structure has completed with a breakout of the ascending channel. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell on a breakout below 81.500.

Stop Loss – 86.200.

Target levels – 77.000; 71.500.