Hi there fellow traders. XAGUSD is looking pretty bearish for me. I am expecting a continuation of a downtrend here. I believe the market is creating another Lower High, thus having a 3rd rejection off this (resistance) trendline which comes in on the 61.8% fib level. This comes with a strong Divergence on the 4H chart, possibly out to create a Three-Dive pattern. My first target is 15.20770 (price can go lower). Let's see how it goes!
Kommentera:
I am still expecting some bearish movement on this pair
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