The bullish pennant on the daily chart of XAG/USD offers an upside breakout opportunity. The pennant's borders and its pole are marked with the yellow lines. My potential entry point is at the cyan line. My potential take-profit level is at the green line. I will set the stop-loss order to the low of the breakout bar (not shown).
More information, chart template, and a free expert advisor to automatically trade this pattern - on earnforex.com/commodities/bullish-pennant-on-daily-chart-of-silver-suggests-move-further-up/
More information, chart template, and a free expert advisor to automatically trade this pattern - on earnforex.com/commodities/bullish-pennant-on-daily-chart-of-silver-suggests-move-further-up/
Order cancelled
The pattern's setup has been invalidated due to the lower border breakout.
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You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.