TheSignalyst

XAGUSD - SILVER Sell Setup

Short
OANDA:XAGUSD   Silver / U.S. Dollar
on DAILY: SILVER is sitting around a strong resistance and supply zone in blue so we will be looking for sell setups on lower timeframes.

on H1: SILVER formed a valid trendline in red so we are waiting for a momentum candle close below its last swing (in gray) to sell.

meanwhile, until the sell is activated, SILVER would be overall bullish and can still test the blue resistance before going down.

Good Luck!

This analysis is done using RichTL
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