Hi traders,
On this XAGUSD daily chart I have drawn three key points for this pair.
Cheers
On this XAGUSD daily chart I have drawn three key points for this pair.
- The lowest one is the 127.2% extension of the mid December to mid January move
- The middle one is the 141.4% extension of the mid December to mid January move combined with the 127.2% extension of the late January move
- The top one is the 161.8% extension of the mid December to mid January move combined with the 161.8% extension of the late January move
Cheers
הערה:
We can see price having some trouble breaking the lowest area, although I do expect a breakout to the upside.
הערה:
Completed AB=CD pattern at the 161.8% Fibonacci extensions.
הערה:
Nice reversal from the 161.8% Fibonacci extension