FX.co - XAG/USD approaching resistance, big drop upcoming!

2019-04-26T02:17:28

Relevance until2019-04-27

Price is approaching its first resistance where we are expecting a drop below this level.

Entry: 15.09

Why it's good: horizontal swing high resistance, 61.8% fibonacci retracement, 100% fibonacci extension

Stop Loss: 15.20

Why it's good: 76.4% fibonacci retracement

Take Profit: 14.78

Why it's good: horizontal overlap support, 61.8% fibonacci retracement

XAG/USD approaching resistance, big drop upcoming!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ XAG/USD approaching resistance, big drop upcoming!