As the daily price on the XAGUSD today opened on higher level than the last daily open price allowing us say that the trend is taking an up direction on the last day.
The last arrow signal today was a green up arrow below the price indicating by that a bullish signal for the short term traders.
So judging from the last opening located at the price 16.45 I think it should be used as a take profit level as it is acting as a strong resistance in which the price might not be able to break it easily and head up .
So In the end I do think that we should wait for a clear blue line on the check indicator and also the time indicator should be having a green color in order to be able to make the right bullish trend before we could start thinking about any buy positions .
---------- Post added at 10:45 AM ---------- Previous post was at 09:30 AM ----------
According to price location as you can see on the XAGUSD According to price location as you can see on the above the wave of EMA indicators which can be understood as a bullish trend signal for the upcoming period.
There are also two other signals that I mentions today the first one was on the RSI indicator which it's line moves above the 50th line to perform a good buy signal and the other one was on the MACD indicator witch shows that the green line is moving up and then I can understand that there are an active bulls in the market at the moment.
Until the price can gain strength to get under the wave of EMAs I think going with the bulls will be the right decision for the traders .
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