XAGUSD (1H Timeframe) Analysis
Market Structure:
The price is approaching a key resistance zone on the 1-hour timeframe. Previous reactions at this level suggest that sellers have been active, making it an important area to monitor for potential price rejection.
Forecast:
A sell opportunity may be considered if the price gets rejected from the resistance area with bearish confirmation signals. A failure to break above the resistance could lead to downward movement.
Key Levels to Watch:
- Entry Zone: Consider selling near the resistance zone after clear confirmation of rejection.
- Risk Management:
- Stop Loss: Positioned above the resistance area to protect against unexpected breakouts.
- Take Profit: Aim for nearby support levels or previous lows.
Market Sentiment:
As long as the price respects the resistance level and bearish confirmations appear, selling pressure could increase. A clear breakout above resistance would invalidate the current bearish setup.
Market Structure:
The price is approaching a key resistance zone on the 1-hour timeframe. Previous reactions at this level suggest that sellers have been active, making it an important area to monitor for potential price rejection.
Forecast:
A sell opportunity may be considered if the price gets rejected from the resistance area with bearish confirmation signals. A failure to break above the resistance could lead to downward movement.
Key Levels to Watch:
- Entry Zone: Consider selling near the resistance zone after clear confirmation of rejection.
- Risk Management:
- Stop Loss: Positioned above the resistance area to protect against unexpected breakouts.
- Take Profit: Aim for nearby support levels or previous lows.
Market Sentiment:
As long as the price respects the resistance level and bearish confirmations appear, selling pressure could increase. A clear breakout above resistance would invalidate the current bearish setup.
✅ Discover my trading strategies signals educational resources 👇
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
Disclaimer
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.
✅ Discover my trading strategies signals educational resources 👇
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
t.me/+COYsInxWoMg1OTg8
✅Join my recommended broker World best broker 👇
one.exnesstrack.net/a/negkxt6hhx
✅ Facebook 👇
facebook.com/thepipsfighter
Disclaimer
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.