XAGUSD SILVER LONG BUY
Structure: This chart shows a possible bullish setup where the price has retraced to a Fibonacci level (0.5 to 0.618 range) and seems to be forming a base for a potential upward move. The price action suggests that after a recent pullback, the market might be ready for a new upward impulse.
Trade Setup: The trade setup indicates a long position, anticipating a move towards the target price around 30.49 USD (green area), which aligns with the upper resistance levels. The stop loss is positioned at 26.44 USD (red area), safeguarding against a deeper correction if the bullish scenario does not unfold as expected.
Trade Setup: The trade setup indicates a long position, anticipating a move towards the target price around 30.49 USD (green area), which aligns with the upper resistance levels. The stop loss is positioned at 26.44 USD (red area), safeguarding against a deeper correction if the bullish scenario does not unfold as expected.
Trade closed: target reached
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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.