Observing the 1-hour chart of XAGUSD, a clear upward trend is visible within a parallel channel. Following a recent reversal from the support line, the direction now appears to be heading towards the resistance zone.
Trade setup: Buy zone: 30.4000-30.4500 Take Profit 1: 30.8000 Take Profit 2: 31.2000 Take Profit 3: 31.6000 Stop Loss: 30.0000
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.