Trade of the Day – Silver – 14.40 confluence area
The AB=CD formation target is located at 14.40. Preferred trade is to sell into rallies.
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78.6%
Trade of the day -USDCAD – Limited upside within the wedge
The trend of higher highs is located at 1.3536. We have a 78.6% Fibonacci pullback level of 1.3537 from 1.3665 to 1.3068
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XAGUSD – Breaks the flag formation to the downside
Reverse trend line resistance is located at 15.22. Bespoke resistance is seen at 15.16. This formation has a measured move target of 14.41, close to the 78.6% Fibonacci level.
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