In the weekly time frame, Silver broke the resistance of its downward Channel. And now it's time to have correction to its now support. At around 15 to 14.8 ounces, a long low risk was expected.
Of course, if the support of 14.8 is broken, you can expect a drop of up to 13.8, but in general, this lovely and ruthless metal is Bullish.
As shown in the 4-hour chart, OANDA:EURUSD is currently at the bottom of its upward channel and is expected to grow by about 100 pips. The risk to Riward is very good 1:4.
Be sure to consider this as well, in case of breakout of the bottom of our channel, we will wait for correction and enter the short position.
As you can see in the RSI chart, the resistance of the flag is firmly broken in the RSI and you have to wait for a much bigger leap than that. It is currently nearing the end of its long-term uptrend, and we will have to wait for a correction of nearly 1,000 pips and even more, and around 1580 we can safely enter the Long position for the Target 2400 and 3100...