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WolfRam_Beta
Jan 28, 2019 3:39 PM

Cup and Handle pattern on the daily  Long

Silver/U.S. DollarFXCM

Description

I have been waiting for a while now on the completion of a cup and handle pattern on Silver.
Combined with the MACD signal and the ascending divergence of the RSI an upwards move is probable.
Especially with the DXY getting weaker.
But also keep in mind the RSI is already relatively high and a lot of resistance levels can be found in an upwards move.
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