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XAGUSD H16: 15% correction SHORT/HOLD(SL/TP)(NEW)(SL/TP)

Short
OANDA:XAGUSD   Silver / U.S. Dollar
XAGUSD H16: 15% correction SHORT/HOLD(SL/TP)(NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.


🔸 Summary and potential trade setup
::: XAGUSD 16hours/candle chart review
::: Reddit gamblers failed
::: no squeeze here
::: 4days PIN BAR on SUPER HEAVY volume
::: trade activated and in progress
::: 15% downside remains
::: final TP BEARS is 22 USD
::: updated/revised outlook
::: setup still valid as of today
::: HOWEVER heavy resistance overhead
::: triggered correction after FAKE PUMP
::: MARKET SELL IT and get paid
::: will re-test near range lows at 22 USD
::: no valid setup for bulls here
::: SHORT and exit near 22 USD later
::: BEARS taking over right now
::: lower risk setup is SHORT
::: TP BEARS TP1 10% gains TP2 +20% gains
::: SHORT/HOLD setup with great risk:reward
::: BEARS TP FINAL is 22.00 USD
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 22.50 USD fresh demand zone
::: 27/28 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BEARS

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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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