XAGUSD, Ascending Triangle, Pullback & Breakout Possibility
XAGUSD is currently trading within an ascending triangle pattern. The resistance level of the ascending triangle has acted as a pullback area four times. The price is currently at the resistance level of the ascending triangle, therefore there is a possibility that a fifth pullback will occur.
Ascending triangle pattern has a bullish bias, so there is a possibility that the price will upward breakout. The price is currently consolidating within this area. This means that it is bearish for the short-term, neutral for the mid-term, and bullish for the long-term.
Ascending triangle pattern has a bullish bias, so there is a possibility that the price will upward breakout. The price is currently consolidating within this area. This means that it is bearish for the short-term, neutral for the mid-term, and bullish for the long-term.
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Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.