Long

XAGUSD Local S/R| Internal S/R, Swing High, Price Action

Evening Traders,

Today’s analysis – XAGUSD retest Local S/R witch a bullish reaction thus far,

Points to consider,

- Price Action Impulsive
- Demand Zone S/R
- Swing High Objective
- Oscillators Bullish Control

SILVER’s immediate price action is trading at key Demand Zone that is in confluence with the internal S/R, this allows for a bullish bias.

The Swing High is immediate objective; price action exceeding this level is likely to lead to trend continuation.

Both Oscillators are trading in their respected bullish control zones, indicative of strength in the market.

Overall, in my opinion, SILVER is a valid long with defined risk; price action is to be used upon discretion/ management.

Hope this analysis helps!

Thank you for following my work

And remember,

‘’No one strategy is correct all the time’’.- John Paulson

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