Trade Setup: XAG/USD – 19 Sep 2016

19 Sep 2016
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19-sep-2016-xagusd

Candle Stick Pattern: Bullish Engulfing at (1)
Confirmation:

  • Stochastic oversold range at (2).
  • Retesting previous support at (4)

Signal: BUY
Entry Point: 19.18
SL: 18.64 (54 pips) (Nearest support level)
TP: 20.11 (93 pips) (Nearest resistance level at (3) & (5))

[UPDATE 1 – 22 Sep, 2016]

Set SL to Break-even.

[UPDATE 1 – 22 Sep, 2016]

19-sep-2016-xagusd-cont

Closed trade on Profit as trend changed.

 

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