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SILVER Buy Signal (lower)

Long
Silver / U.S. Dollar (FX:XAGUSD)  
TradingShot  
FX:XAGUSD   Silver / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns Silver XAG USD ( Silver / US Dollar) signals silversignals xagusdsignals Commodities Metals commoditiessignals metalssignals
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trendanalysis harmonicpatterns chartpattern silver xagusd signals silversignals xagusdsignals commodities metals commoditiessignals metalssignals
Pattern: 1D Bullish Channel supported on Higher Lows.

Signal: Bullish once the price breaks the 1D MA50 and reverses. This is a standard sequence on every Silver uptrend (see the chart below). The ideal long term Buy Zone is within 16.625 - 17.365.

Target: Initial target 19.500. Extension much higher, updates will follow.

snapshot
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