Pitbull_4L

SILVER ON A BULLISH MARKET

Long
OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD aka silver is now in a bullish with the market creating a retest of the previous lower high structure. Now 2 things can happen here, the first one is that when we get to our zone we can complete the retracement and then continue making new highs or we can have scenario 2 where if we break our zone(it being a lower high), then that would mean that we have broken structure and that the market is now bearish. Should that happen then that would mean that our support zone will now potentially be a resistance zone and then we will look for shorts(this is what we call role reversal, when previous support turns into resistance vice versa), to our weekly supply and demand zone at 18.60

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