Hello Everyone! I want share my idea of XAGUSD.
Couple week ago we saw Silver big and strong Bearish moving which was actually impacted by tested YTD HIGH at 26.00$, here traders took their profits after massive and long bullish trend.
At the moment we have interesting picture, after big drop, price start again uptrend, on high timeframe for example 1D timeframe I am still looking to silver bullish and it was only correction for continue moving up.
The situation is simple, I am waiting strong sell from 24.55 LVL, if silver will brake that then we can open long position after retest.
THIS IS NOT FINANCIAL ADVICE!! THIS IS MY IDEA!!
BE PATIENT!!
Couple week ago we saw Silver big and strong Bearish moving which was actually impacted by tested YTD HIGH at 26.00$, here traders took their profits after massive and long bullish trend.
At the moment we have interesting picture, after big drop, price start again uptrend, on high timeframe for example 1D timeframe I am still looking to silver bullish and it was only correction for continue moving up.
The situation is simple, I am waiting strong sell from 24.55 LVL, if silver will brake that then we can open long position after retest.
THIS IS NOT FINANCIAL ADVICE!! THIS IS MY IDEA!!
BE PATIENT!!