XAG/USD Price Action Analysis | The Next Leg Down

Diupdate
Silver is consolidating in the main Trading Range after creating the Distribution Schematic. A visit to the Range High in order to gather the enough fuel for the next pullback to the below of the Range, is the trigger for the short position.

Entry: 17.49
SL: 18.01
TP-1: 16.51
TP-2: 15.66
R/R: 3.52


‪Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.‬


‪The ideas published here are not financial advices. ‬

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Chart PatternsCommoditiesTechnical IndicatorsMetalsSILSilversilveranalysisSLVslvusdTrend AnalysisXAGXAG USD ( Silver / US Dollar)

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