XAGUSD. Trading opportunity
Hello traders and investors!
Daily Timeframe Analysis
On the daily timeframe, the price has formed a sideways range that began in April. The upper boundary is 32.5185, and the lower boundary is 26.0185. The buyer's vector 8-9 has reached the target of 31.755 (see the previous post). There are no signs of a reversal yet to indicate the realization of the seller's vector 9-10, with a potential target of 26.471.
4H Timeframe Analysis
On the 4-hour timeframe, the price has formed a sideways range below the level of 31.755. The upper boundary is 31.4335, and the lower boundary is 29.7085.
Currently, the buyer has broken through the upper boundary of the range. If the buyer defends the 31.4335 – 31.755 range, it is possible to look for buying opportunities, with a potential target of 32.5185.
Good luck with your trading and investments!
Daily Timeframe Analysis
On the daily timeframe, the price has formed a sideways range that began in April. The upper boundary is 32.5185, and the lower boundary is 26.0185. The buyer's vector 8-9 has reached the target of 31.755 (see the previous post). There are no signs of a reversal yet to indicate the realization of the seller's vector 9-10, with a potential target of 26.471.
4H Timeframe Analysis
On the 4-hour timeframe, the price has formed a sideways range below the level of 31.755. The upper boundary is 31.4335, and the lower boundary is 29.7085.
Currently, the buyer has broken through the upper boundary of the range. If the buyer defends the 31.4335 – 31.755 range, it is possible to look for buying opportunities, with a potential target of 32.5185.
Good luck with your trading and investments!
Nota
As expected, the buyer has reached the upper boundary of the range at 32.5185. There are no signs of a reversal yet for the seller's vector 9-10. Short-term buying opportunities can be considered, for example, from the defense of the 31.569 level by the buyer.
The 31.569 level on the daily timeframe is the test level of the buyer's effort, and on the hourly timeframe, it is the starting point of the buyer's last impulse. As a first target, you can aim for 32.286 (32.461, 32.715).
You can read more about efforts and zones here
Good luck with your trades!
Good luck with your trading!
t.me/user_friendly_trading
t.me/user_friendly_trading
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