SILVER after the recent drop reached the weekly support over a previous resistance level.
The price couldn't break below and i can see how the price perfectly moved above the ascending trendline.
As in the previous analysis i remain overall bullish on XAGUSD and the break above the previous neckline is a confirmation of it.
How can we approach this scenario?
I will wait for a retest of the support area and after that i will consider to set a nice long order of the Plancton's strategy rules will be satisfied.
-----
Follow the Shrimp š¦
Keep in mind.
š£ Purple structure -> Monthly structure.
š“ Red structure -> Weekly structure.
šµ Blue structure -> Daily structure.
š” Yellow structure -> 4h structure.
ā«ļø Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
The price couldn't break below and i can see how the price perfectly moved above the ascending trendline.
As in the previous analysis i remain overall bullish on XAGUSD and the break above the previous neckline is a confirmation of it.
How can we approach this scenario?
I will wait for a retest of the support area and after that i will consider to set a nice long order of the Plancton's strategy rules will be satisfied.
-----
Follow the Shrimp š¦
Keep in mind.
š£ Purple structure -> Monthly structure.
š“ Red structure -> Weekly structure.
šµ Blue structure -> Daily structure.
š” Yellow structure -> 4h structure.
ā«ļø Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any questions.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
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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.
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.