XAG/EUR Trading Analysis (03/12/2024)
The trend is down. The upward wave structures are truncated. The inner truncated wave structure ended with the breach of the descending channel. There is a bearish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell at the breach of 29.030.
- Stop-loss at 29.260.
- Price targets at 28.700 and 28.200.
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