XAGUSD(SILVER): Price is dropping next week, get ready!

May 10

Dear Traders,

Silver has reached a bullish exhaustion point, hitting a premium selling zone with increased selling volume. We expect the price to drop smoothly over the coming week. A stronger USD could turn the tide in our favour. There are two entry points: either open when the market opens and set a stop-loss above last week’s higher high or wait for the trendline to break and enter when the price retests the area. Set your take-profit at the level of the blue trendline. Good luck and always manage your risk strictly.

The Setupsfx_ Team

May 12

Trade closed: stop reached