Silver (XAGUSD)שורט
Silver Fakeout + Head and Shoulders
We have a head and shoulders here on the 15m along with a set of lower highs. On top of that, it had a fakeout above its falling wedge today. Really nice move up and might be a dangerous short, or long really. There's likely to be some more volatility though. For now I'd be a little bearish until it retests the $32.50 area.
Might be a good spot to long there, also might be worth taking some puts for a short term swing on the way down as well. Short would be invalid if it holds the $33.50 area it's near now.
Might be a good spot to long there, also might be worth taking some puts for a short term swing on the way down as well. Short would be invalid if it holds the $33.50 area it's near now.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
ko-fi.com/advancedplays/
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes.
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