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ForecastCity
Oct 7, 2021 1:51 PM

💡Don't miss the great buy opportunity in XAGUSD Long

Silver / U.S. DollarFOREX.com

Description

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (22.470).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. XAGUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.

Take Profits:
TP1= @ 22.787
TP2= @ 23.124
TP3= @ 23.404
TP4= @ 23.700
TP5= @ 23.954
TP6= @ 24.289


SL= Break below S2

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Comments
davidgolandak
Thanks a bunch .
ForecastCity
@davidgolandak, You're very welcome!
sofi_Morphy
Good job. Excellent analysis
ForecastCity
@sofi_Morphy, Thank you. We appreciate your support.
DenizKilicDeniz
Looks good to me. Thanks for sharing .
ForecastCity
@DenizKilicDeniz, You're very welcome! We hope you enjoy it.
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