XAGUSD Spot Silver Rises LONG
I analyze that the XAGUSD pair is trending up mainly due to the fall of the USD dollar .
On the 60-minute chart, in the context of the volume profile an anchored VWAP as
well as the MACD indicator of Chris Moody and the Volume Price Trend, I see an tend
up for the pair from the fall as part of the market shift mid-day on Thursday.
The stop loss is at the support line and the target at the horizontal resistance. If traded
accurately in a leveraged forex environment a simple trade like this could yield significant
realized profits especially if the stop loss is carefully raised at regular intervals using
simple visual "eyeballing" or a mechanical approach using ATR.
On the 60-minute chart, in the context of the volume profile an anchored VWAP as
well as the MACD indicator of Chris Moody and the Volume Price Trend, I see an tend
up for the pair from the fall as part of the market shift mid-day on Thursday.
The stop loss is at the support line and the target at the horizontal resistance. If traded
accurately in a leveraged forex environment a simple trade like this could yield significant
realized profits especially if the stop loss is carefully raised at regular intervals using
simple visual "eyeballing" or a mechanical approach using ATR.
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