XAGUSD local short waiting for wedge to be broken
Hi, everyone! Today we’ll take a look at XAGUSD!
As you can see in the four-hour timeframe, after a break in the isosceles triangle and impulse, the price formed a rising wedge, where it bounced off the trend line and went down. I’m expecting a wedge to be broken and impulse movement down. I’m looking at the local shorts. However, if you look globally, silver is traded in a falling channel, having bounced off the resistance line now the price is going locally downwards, after which I expect the silver to grow globally. This is my personal opinion, not a call to action!
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As you can see in the four-hour timeframe, after a break in the isosceles triangle and impulse, the price formed a rising wedge, where it bounced off the trend line and went down. I’m expecting a wedge to be broken and impulse movement down. I’m looking at the local shorts. However, if you look globally, silver is traded in a falling channel, having bounced off the resistance line now the price is going locally downwards, after which I expect the silver to grow globally. This is my personal opinion, not a call to action!
Thank you for your attention! If you like my analysis, put likes and follow me. If you have any questions about investing, write to me.