Potential Long Entry Point

FX:XAGUSD   Silver / U.S. Dollar
Entry Point - $14.86

Support 1 - Bottom Rail of August Channel
Support 2 - Fib .236
Support 3 - Bullish Harmonic Pattern Entry Point D
RSI & Stoch should have bullish set up at that point

Target 1 - $15.41 @ first resistance (blue rectangle & Fib .382)
Target 2 - $16 - $16.30 @ second resistance (blue rectangle & Fib .618)

Stop Loss - Set tight below bottom rail of August Channel - if price breaks through with a confirmation then it could retrace into the $13's or lower.

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