XAGUSD possible pullback for intraday traders (H1)

Good day traders,

If you saw my previous Silver/ XAGUSD market analysis, you will know that I'm bullish bias on the weekly timeframe but what happens to the traders trading on lower timeframes?


This is what you need to know:

• Silver is trading in a range on the hourly timeframe.
  
• We have a concrete resistance that we are currently approaching.
  
• Should the market reject, we will see the XAGUSD carry out this plan.
  
• It will than short to retest our support and slightly break through it to complete our ABCD bullish trendhike which will be the final confirmation we need for our XAGUSD W1 bullish market analysis.
  

We will however close the day above the market opening price. Please share your thoughts.

Disclaimer
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Trade active

Comment:

I've started trailing my profits

Trade closed manually:

Took profit