XAGUSD is testing the falling wedge upside resistance

XAGUSD is bouncing off the 17.50

 

XAGUSD is testing the 19.60.  This is the upside resistance of the falling wedge (usually bullish) and a break above this level would lead to an upside reversal and a retest of the most important 21.60 resistance. Price action is indicating that we have reached the turning point as the USD is pulling back across the market.

Note: look for the long trade entries with the stop loss below 18.50

XAGUSD bullish reversal

 

 

 

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