OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD has reached a minor resistance on the daily chart, where we anticipate a pullback trade. The candle reaction hasn't been particularly strong on the daily chart so far. However, on the 1-hour chart, an interesting trading pattern has formed - a double top, and its neckline has broken to the downside. When there's a retest of this level, the trade will become active.

Entry: 22.609,
Stop loss: 22.878,
Target: 22.240

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.