XAGUSD - Daily - Trend Analysis
Updated
Hi Guys,
Here we have the Silver Daily. Price is currently touching a annual downtrend for the 4th time. The triangle is formed by an uptrend from June. Question is which way will it break. Based on RSI and past performance I would say lower but let's see how it plays out. I will be taking my position based on a daily close outside of one of the lines.
Let me know of any thoughts or questions.
Thank You!
Victoria
Here we have the Silver Daily. Price is currently touching a annual downtrend for the 4th time. The triangle is formed by an uptrend from June. Question is which way will it break. Based on RSI and past performance I would say lower but let's see how it plays out. I will be taking my position based on a daily close outside of one of the lines.
Let me know of any thoughts or questions.
Thank You!
Victoria
Note
Respected the trend perfectly. Short position for now.
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