XAGUSD is holding above ascending trendline support. With technical indicators showing room for further upside, a further push up above 23.6% Fibonacci retracement and 1st support at 26.340 towards 1st resistance at 26.914 could be expected.
Trading Recommendation
Entry: 26.340
Reason for Entry:
23.6% Fibonacci retracement, ascending trendline support
Take Profit: 26.914
Reason for Take Profit:
-27.20% Fibonacci retracement
Stop Loss: 25.920
Reason for Stop Loss:
61.8% Fibonacci retracement, Graphical swing low support.
