XAGUSD (Silver) – 1H Bearish Triangle Setup
XAGUSD (Silver) – 1H Bearish Triangle Setup
Price is trading inside a symmetrical triangle and approaching the apex. The overall structure remains bearish as long as price stays below the descending trendline.
Trade Plan:
• Entry: Below 57.20 after a confirmed 1H candle close.
• Stop Loss: 60.60
• Take Profit 1: 56.65
• Take Profit 2: 54.95
Invalidation: A strong 1H candle close above 58.90 will invalidate this bearish setup.
Note: Wait for breakout confirmation and always use proper risk management. This analysis is for educational purposes only.