XAGUSD; A RETEST AND CONTINUATION LOWER!
HELLO TRADERS
Before we talk about XAGUSD lets first take a look at the dollar index DXY
DXY has been bullish and recently managed to break above a strong resistance @ 103.7,
we expect a retest of this resistance and a continuation higher, as we know bullish
DXY indicates a bearish XAGUSD
(DXY chart below)
now back to XAGUSD
XAGUSD has been bearish for the past weeks and recently managed to break below
a strong resistance @ 23.5, on the retest of this resistance we expect a continuation lower
targeting previous support @ 22.2
BREAK ABOVE 23.8 WILL INVALIDATE THIS IDEA
IF YOU FIND THIS IDEA VALUABLE SUPPORT IT WITH LIKES
GOOD LUCK
Before we talk about XAGUSD lets first take a look at the dollar index DXY
DXY has been bullish and recently managed to break above a strong resistance @ 103.7,
we expect a retest of this resistance and a continuation higher, as we know bullish
DXY indicates a bearish XAGUSD
(DXY chart below)
now back to XAGUSD
XAGUSD has been bearish for the past weeks and recently managed to break below
a strong resistance @ 23.5, on the retest of this resistance we expect a continuation lower
targeting previous support @ 22.2
BREAK ABOVE 23.8 WILL INVALIDATE THIS IDEA
IF YOU FIND THIS IDEA VALUABLE SUPPORT IT WITH LIKES
GOOD LUCK
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