As you can see,
XAGUSD tested the green structure three times,
It is going to test fourth times,
As a chinese said:not to do anything more than three times,
I think that this time this resistance position will be broke,
Silver is creating new higher high,
So we should long it when the price broke this position and pull back and stand firm.
Two plan here:
Plan A:long it just what I said above,SL below the structure
Plan B:short it when the price touched the structure,SL above the structure
My suggestion is,Plan A first.
XAGUSD tested the green structure three times,
It is going to test fourth times,
As a chinese said:not to do anything more than three times,
I think that this time this resistance position will be broke,
Silver is creating new higher high,
So we should long it when the price broke this position and pull back and stand firm.
Two plan here:
Plan A:long it just what I said above,SL below the structure
Plan B:short it when the price touched the structure,SL above the structure
My suggestion is,Plan A first.
Comment:
Silver broke up,don't long it now but wait for the pull back.