Chibuike_Odoh

XAGUSD (SILVER) - RETEST

Long
FX:XAGUSD   Silver / U.S. Dollar
ANALYSIS πŸ”Ž
- XAGUSD brokeout above the descending triangle's inclined resistance.
- Price retraced, breaking down below the ascending trendline support.
- Price is retesting the 0.618 fibonacci retracement level and the descending triangle's inclined resistance.
- RSI is printing a bullish divergence signal.
- A bullish pin bar ( hammer ) was formed.
- We could see an uptrend continuation.

BUY ENTRY ⬆️
- Breakout above the horizontal resistance level 1 (R1).

TARGETS 🎯
- Previous swing high resistance (R2).
- Horizontal resistance level 3 (R3).

SETUP INVALIDATION ❌
- Breakdown below the 0.786 fibonacci retracement level.

Enjoy πŸ₯‚

Comments

hi. just curious. do you know why the RSI does not update like the chart?
Reply
Chibuike_Odoh silvaraylight
@silvaraylight, i don't get
Reply
you have been spot on so far :) keep posting SILVER and GOLD please !
Reply
Chibuike_Odoh silvaraylight
@silvaraylight, πŸ‘πŸ‘πŸ‘
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out