XAGUSD after a breakout has been in a strong bullish trend .
The price was well respected by boundaries of rising wedge .
The price has approached to the resistance zone around 21.70 .The 200SMA also exits at same point.
The price has now broken below the wedge.
The bears are in control While bulls will be only in control above break of recent high.
Manage your trades accordingly
The price was well respected by boundaries of rising wedge .
The price has approached to the resistance zone around 21.70 .The 200SMA also exits at same point.
The price has now broken below the wedge.
The bears are in control While bulls will be only in control above break of recent high.
Manage your trades accordingly
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