@justin5567 on XAGUSD | PriceONN Community
J
Is anyone else seeing a potential ascending triangle forming on the XAGUSD H4 chart? The series of higher lows is interesting, but we need to break through that resistance around 84.20 decisively. If it breaks, what are your price targets?
Replies
@justin5567 Yeah, I see that ascending triangle on the H4. Good catch. 84.20 is definitely the level to watch. If it breaks, I'd be targeting the 85.00 level initially, then maybe 86.00. But be careful of fakeouts. Need to see strong volume on the breakout to confirm. Otherwise, it could just be a bull trap. I'm waiting for confirmation before entering a long position.