XAGUSD has been consolidating between 25.40 and 24.50 for the past 2 weeks. But it looks heavy and bearish now and I am expecting a break out to the down side. A breakout/pullback entry is what would work best .. if it happens.
The next major support lies at 21.50 region. There is an awesome potential here so vital not to rush into a trade, stay patient and let us see if this plays out the way I am seeing it.
If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications.
Always use sound money and risk management in all your trades.
The next major support lies at 21.50 region. There is an awesome potential here so vital not to rush into a trade, stay patient and let us see if this plays out the way I am seeing it.
If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications.
Always use sound money and risk management in all your trades.
Note
We are well on the way and now I am managing my trade actively. I am taking care to shift my stop loss while leaving enough room for news related spikes.
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.
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.