XAGUSD squeezed for the direction

XAGUSD is in the range between important levels

 

XAGUSD is in the consolidation triangle bouncing from 18.50 and looking for a test of 21.300. A break above 21.30 is required for another test of the key upside reversal 21.60 level. A turn here and a break below 18.50 would lead to a deeper pullback into 15.

Note: look for the long trades upon a break above 21.30 with the stop loss below 21. In the case of a break below 18.40 look for the short trades

XAGUSD consolidation triangle

 

 

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