XAGUSD is showing bullish potential as price rebounded strongly from a key support zone, forming a higher low structure. On the 4H chart, price has broken above the descending trendline and is now trading above the 50 EMA – a classic bullish confirmation for trend continuation.
With bullish momentum building, a pullback to the breakout zone or the 50EMA could offer an attractive entry opportunity for long positions. Look for confirmation with bullish candlestick patterns or strong volume push.
🎯 Potential Target: Previous swing high / Pivot resistance
🛑 Stop Loss: Below recent higher low or 50EMA support zone
📚 Educational Note: In metals like silver, trendline breaks coupled with EMA alignment often provide high-probability setups. Always wait for confirmation to avoid fakeouts.
With bullish momentum building, a pullback to the breakout zone or the 50EMA could offer an attractive entry opportunity for long positions. Look for confirmation with bullish candlestick patterns or strong volume push.
🎯 Potential Target: Previous swing high / Pivot resistance
🛑 Stop Loss: Below recent higher low or 50EMA support zone
📚 Educational Note: In metals like silver, trendline breaks coupled with EMA alignment often provide high-probability setups. Always wait for confirmation to avoid fakeouts.
Trade closed manually
Closed manually with a 0.5R loss.
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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.