🔹 Chart Pattern:
A falling wedge formation is clearly visible, signaling a potential bullish reversal. This is a typically bullish pattern that suggests a breakout to the upside is likely.
🔹 Key Levels:
Support Level: Around 31.95, marked by a green arrow.
Resistance Level: Around 33.25, marked by a red arrow.
Target Level: 33.75, indicated with a blue arrow and yellow highlight.
Current Price: 32.40
🔹 Trade Setup:
Entry Zone: Upon confirmed breakout of the wedge pattern, ideally above 32.60–32.80.
Stop Loss: Placed just below the support level at 31.95.
Take Profit: Targeting the next resistance and measured move projection at 33.75.
🔹 Strategy Notes:
Wait for a confirmed breakout with strong volume for entry.
Risk-reward ratio appears favorable.
Monitor for fakeouts near the upper trendline of the wedge.
📌 Summary:
XAGUSD is forming a bullish falling wedge near a key support level. A breakout above resistance could trigger a rally toward 33.75. A disciplined entry with proper stop loss and target levels offers a solid long setup.
A falling wedge formation is clearly visible, signaling a potential bullish reversal. This is a typically bullish pattern that suggests a breakout to the upside is likely.
🔹 Key Levels:
Support Level: Around 31.95, marked by a green arrow.
Resistance Level: Around 33.25, marked by a red arrow.
Target Level: 33.75, indicated with a blue arrow and yellow highlight.
Current Price: 32.40
🔹 Trade Setup:
Entry Zone: Upon confirmed breakout of the wedge pattern, ideally above 32.60–32.80.
Stop Loss: Placed just below the support level at 31.95.
Take Profit: Targeting the next resistance and measured move projection at 33.75.
🔹 Strategy Notes:
Wait for a confirmed breakout with strong volume for entry.
Risk-reward ratio appears favorable.
Monitor for fakeouts near the upper trendline of the wedge.
📌 Summary:
XAGUSD is forming a bullish falling wedge near a key support level. A breakout above resistance could trigger a rally toward 33.75. A disciplined entry with proper stop loss and target levels offers a solid long setup.
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Pubblicazioni correlate
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.