XAGUSD - Long Idea

2019-11-19 09:08:34

I was in a long with this Silver move at the 200EMA on the Daily and even the weekly.

The way price has been developing I don't see the conviction I would like to see. I closed my long (small profit) and think there is more downside, atleast to complete this bearish flag that seems to be developing on a daily... Price can do anything, I am reacting to how this picture is developing, if it breaks to the upside, I'll find an entry, I think it will go for a run. But, for now...downside to at least the highlighted area.

I may place an entry to the downside...undecided yet. I have an alert set for that 61.8% Fib level. -Happy Trading!