Silver: The Breakout of Head and Shoulders Pattern

Candlestick_OB Updated   
OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD has completed the formation of a head and shoulders pattern with divergence on momentum indicators, and has made an initial break of the neckline. I prefer to wait for confirmation of the breakout before entering a sell position targeting 21.19. However, with the current global crisis in American and European banks, conditions may change at any moment, so it is advisable to enter and exit with caution and strict risk management.

Let me know your thoughts in the comments, and show your support by liking the idea.
Please follow if you're interested in more ideas like this.
Your support is greatly appreciated!
Order cancelled:
the price didn't confirm the breakout as i mention we must wait for a confirmation


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.