XAGUSD Falling Wedge Breakout | Long Setup with Target at 33.75"

🔹 Chart Pattern:
A falling wedge formation is clearly visible, signaling a potential bullish reversal. This is a typically bullish pattern that suggests a breakout to the upside is likely.

🔹 Key Levels:

Support Level: Around 31.95, marked by a green arrow.

Resistance Level: Around 33.25, marked by a red arrow.

Target Level: 33.75, indicated with a blue arrow and yellow highlight.

Current Price: 32.40

🔹 Trade Setup:

Entry Zone: Upon confirmed breakout of the wedge pattern, ideally above 32.60–32.80.

Stop Loss: Placed just below the support level at 31.95.

Take Profit: Targeting the next resistance and measured move projection at 33.75.

🔹 Strategy Notes:

Wait for a confirmed breakout with strong volume for entry.

Risk-reward ratio appears favorable.

Monitor for fakeouts near the upper trendline of the wedge.

📌 Summary:
XAGUSD is forming a bullish falling wedge near a key support level. A breakout above resistance could trigger a rally toward 33.75. A disciplined entry with proper stop loss and target levels offers a solid long setup.