Trade Setup: XAG/USD – 27 Sep 2016

Candle Stick Pattern: Bearish Engulfing at 2nd and 3rd bar, also a variation of Evening Star at (1) Confirmation: Touched outer band of Bollinger Band at (1). Stochastic overbought range at (4). Retesting previous resistance at (3). Increase in volume at last bar also confirming the reversal. Signal:┬áSELL Entry Point: 19.50 SL: 20.08 (58 pips) … Continue reading Trade Setup: XAG/USD – 27 Sep 2016