Altaaf123

SILVER (LONG) ABOUT TO GO UP ON THE DAILY

Long
FOREXCOM:XAGUSD   Silver / U.S. Dollar
ON THE DAILY IT LOOKS LIKE WE ARE COMING TO END OF THE PATTERN COMPLETION AND ABOUT TO SEE A BREAKOUT WHICH COULD POTENTIALLY SEND THE PRICE OF SILVER TO 16 USD FROM ITS CURRENT PRICE OF 14,776 USD PER OUNCE , THE PAIR HAS FORMED A BULLISH CONTINUATION PATTERN (FALLING WEDGE) , ALSO THE FORMATION OF THE DAILY CANDLESTICK FORMED AS A PIN BAR AND HAS FORMED IN THE REGION OF THE NECKLINE OF THE DOUBLE BOTTOM THAT WAS FORMED SO IT POSSIBLY COULD ACT AS GOOD SUPPORT AND SEND THE PAIR HIGHER , IT ALLOWS FOR A GOOD RISK TO REWARD ON THE TRADE , I WILL BE LOOKING FOR ENTRY SIGNALS ON THE LOWER TIME FRAMES TO GET INVOLVED ON THIS TRADE
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