Trade Setup: XAG/USD – 19 Sep 2016

Trade Setup: XAG/USD – 19 Sep 2016

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))
 

#BullishEngulfing, #CandleStickPattern, #Stochastic, #SupportResistance, #XAGUSD
#TradeSetups

Advertisements