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

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Forex Analysis:::2019-04-26T02:17:28

XAG/USD approaching resistance, big drop upcoming!

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!

Analyst InstaForex
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