Ocean98

XAGUSD Forecasting

Long
OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD is in a bullish trend, the market has been ranging forming a potential ascending triangle. looking at the structure we haven't been forming any new highs but we have been forming higher lows, using the counter trend and the imbalance candlestick i would wait for a clear indication of bulls in the market to swing trade this commodity back to its all time high. if we break and close below the previous higher low then a bearish move can be expected to continue
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