Fx-Nature

XAGUSD - new impulse?

FX_IDC:XAGUSD   白銀 / 美元
Looks like silver is breaking out of a bullish flag (1W). There is also clear iH&S pattern (1W-blue curves).
3 potential market's reaction zones (red boxes):

1. 1.272 + 0.618
2. 1.618 + 0.786
3. 1 + iH&S(1D) target

All these areas are confirmed by price action.

If you want go long wait for a retracement, retest of broken trendline or trend reversal pattern on lower time frame.

Red boxes are S entries.

Trade responsibly

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