MEX_Exchange
Long

Silver testing major resistance, watch for bullish move

FX:XAGUSD   Silver / U.S. Dollar

Buy above 17.31. Stop loss at 17.16. Take profit at 17.48.
Reason for the trading strategy (technically):
Price is now testing major resistance at 17.31 ( Fibonacci retracement , horizontal overlap resistance) and we require price to close nicely above this level before triggering a bullish move that should push price up to at least 17.48 resistance ( Fibonacci retracement , horizontal overlap resistance).
RSI (34) sees an ascending support line hold up our bullish move really well.

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