AlkalineFX

SILVER/XAGUSD - Stay Patient

Short
OANDA:XAGUSD   Silver / U.S. Dollar
Although price does look like it is breaking the bearish flag formation it has created, I would be extremely wary of a strong approaching supportive level coming up, price could very easily reverse from this point. What I will be waiting to see is a clear break of the supportive level marked followed by a re-test and rejection before entering a sell position.

COT Data - 71% Long
Sentiment Data - 89% Long

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