Bearish Flag on XAG/USD @ D1
You can see a bearish flag on the XAG/USD (Silver) daily chart. It offers a downside breakout trading setup. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line. My potential stop-loss level is marked with the red line. It is best to wait for a close reasonably below the lower border of the flag area to initiate a sell trade.
Operación activa:
Entry triggered on 28.07 at 00:01 at 24.735 with SL = 25.470, TP = 23.830.
Operación cerrada: precio stop alcanzado:
SL reached on 29.07 at 8:22 UTC.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.