XAGUSD H3 OUTLOOK | The Bullish Channel Direction

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XAGUSD H3 OUTLOOK | The Bullish Channel Direction SilverOANDA:XAGUSDEzra_Fx4Market Structure •Price previously formed a Double Top, leading to a corrective move. •That correction unfolded inside a Bearish Channel. •Price broke out of the bearish channel and transitioned into a Bullish Channel, signaling trend reversal. •Structure now shows higher highs and higher lows → bullish market bias. 🔑 Key Technical Levels •Current Price Area: ~63.5 •Support (RBS / SR Zone): ~58.0 •Former resistance flipped into support •Bullish Channel Support: Dynamic support guiding the uptrend •Resistance / Target Zone: ~74–75 Bias: Bullish Entry Zone: •Buy on pullbacks toward: •Bullish channel support •RBS zone (~58–60) •Alternatively, continuation buy above consolidation highs (~63.5–64) Stop Loss: •Below RBS support •Or below bullish channel support 👉 Invalidation if price breaks and closes below ~58 Target 1: ~66–68 (recent high continuation) •Target 2: ~72 •Final Target: ~74–75 (measured move projection shown on chart) 📌 Trade Logic Summary •Trend shifted from bearish to bullish •Clean breakout + bullish channel •Strong RBS confirmation •Measured move projection supports upside continuation