- XAGUSD brokeout above the descending triangle's inclined resistance.
- Price retraced, breaking down below the ascending trendline support.
- Price is retesting the 0.618 level and the descending triangle's inclined resistance.
- is printing a signal.
- A ( ) was formed.
- We could see an uptrend continuation.
BUY ENTRY ⬆️
- Breakout above the horizontal 1 (R1).
- Previous swing high resistance (R2).
- Horizontal 3 (R3).
SETUP INVALIDATION ❌
- Breakdown below the 0.786 level.