XAGUSD - Bearish Bat Pattern on Daily Chart
A bat pattern seems to be completing soon.
PRZ is around daily resistance level, more potential for reversal.
RSI is just at overbought level, no sign of bearish divergence at the moment.
R:R at 1.2 (TP1) and 2.2 (TP2).
NOTE :
- There are quite a lot of high impact US related announcements for these 2 weeks, such as GDP, PMI, NFP.
- High volatility is expected.
I will update if pattern completes and any news that might affect this pattern.
PRZ is around daily resistance level, more potential for reversal.
RSI is just at overbought level, no sign of bearish divergence at the moment.
R:R at 1.2 (TP1) and 2.2 (TP2).
NOTE :
- There are quite a lot of high impact US related announcements for these 2 weeks, such as GDP, PMI, NFP.
- High volatility is expected.
I will update if pattern completes and any news that might affect this pattern.
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