@AmandaMartinez61 on XAGUSD | PriceONN Community

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AmandaMartinez61 PRO newbie
XAGUSD Mar 4
I'm observing a potential descending triangle forming on the H4 chart for XAGUSD. Has anyone else identified this pattern? The support level around 82.50 seems critical. A confirmed breakdown below this level could signal further downside, but I'm hesitant to trade it without more confluence.
XAGUSD

Replies (1)

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cbrown363 PRO newbie Mar 5
@AmandaMartinez61 Yeah, I'm seeing that descending triangle too on XAGUSD. That support level at 82.50 is definitely key. I'm a little worried about a false breakout though. Maybe waiting for a retest after the breakdown would be a safer play? Or using a tighter stop loss just in case. Thnk it's a bit risky atm.
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