Hello Guys, Lets take a look at XAGUSD 0.22%, There are two possibilities which can happen according to the current data.
First if we take a look at previous structure then we'll see that its showing repetition of similar moves again and again. We got FALL-1 and just after that we saw another similar move. Now we got FALL-2. So we may get a move similar to Fall-2. That's the First possibility!
Second possibility is that it make a move down after breakout but it will be just upto its half as showing the LITTLE ARROW and then up. In that case it will going to form a INVERTED HEAD AND SHOULDER pattern there.
This is what we have according to current data. If there will be any change in future I will update that later.
Good luck
First if we take a look at previous structure then we'll see that its showing repetition of similar moves again and again. We got FALL-1 and just after that we saw another similar move. Now we got FALL-2. So we may get a move similar to Fall-2. That's the First possibility!
Second possibility is that it make a move down after breakout but it will be just upto its half as showing the LITTLE ARROW and then up. In that case it will going to form a INVERTED HEAD AND SHOULDER pattern there.
This is what we have according to current data. If there will be any change in future I will update that later.
Good luck
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First Possibility= Repetition of the previous move!
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Second Possibility In Current Scenario!
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Didn't broke out yet and conditions are still the same. Keep watching!
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Is it REJECTION??
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We got the breakout as we expected. If you had followed the updates, you'd have already known!
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Silver also doing good!
