Fxprotrader

Silver: Watch for a Buy Setup at Lower Parallel

Long
FX:XAGUSD   Silver / U.S. Dollar
Watching at how price behaved at the upper parallel of this upsloping pitchfork, we are very confident that our pitchfork is an active one. With the price now at the lower parallel, we should keep an eye for any buy setup completion with potential tp the median line.

In the lower time frames, we may see that price is in a corrective structure after a sharp impulse to the upside. Buying the breakout above the correction is a very nice idea.
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