Silver (XAGUSD)Updated Bear are coming in and may push the price lower
As we can see the overall trend is an uptrend, the break above neckline and new higher high confirmed this. However if you notice the market failed to make new higher highs meaning we have sellers participating and they might push the trend down
It would be advisable to stay away from the market until we can clearly see who is in control of the market between Bulls and Bears
Now let's talk about the best entry point here, a break above Resistance would mean buyers regained total control of the market and we should look for buys here and If the market breaks below the Solid Low then we have our confirmation that sellers are in control and we should look for sells
so all in all it's best to wait and not chase the market as that can end in negative results. Good luck Traders
It would be advisable to stay away from the market until we can clearly see who is in control of the market between Bulls and Bears
Now let's talk about the best entry point here, a break above Resistance would mean buyers regained total control of the market and we should look for buys here and If the market breaks below the Solid Low then we have our confirmation that sellers are in control and we should look for sells
so all in all it's best to wait and not chase the market as that can end in negative results. Good luck Traders
Trade closed: target reached
congratulations to those who followed my advice and signal, the trade went according and reached TP with no problem
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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.
Disclaimer
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.