XAGUSD / Silver - Long Idea.

2019-11-11 23:19:41

Well look at that! We have a fibonacci / EMA orgy going on here.
1. Price is resting on the 200EMA daily BUT also the weekly!
2. RSI is a hair inot oversold
3. MACD is "developing"
4. The main up move of silver has retraced to the 61.8% Fib level of the most prominent Fib level.
I know I'm excited to see where this heads? My bet is upward from around-ish here.
1% Risk 2:1RR -Happy Trading!