XAGUSD - Important Level

2019-11-25 00:26:58

Price is currently on a important level!

Currently the rising trend line is acting as support and price is also right above a fib level.
If we can hold this support price can rise to resistance of the triangle.

If we can't hold support than price will drop to the next support levels.

I'm currently more bearish because on the weekly chart it looks to me like a bearflag. And so the monthly higher low isn't set yet.

You should wait to see which level breaks before jumping in this trade.