Short-term idea:
We might undergo a head and shoulders scenario on XAGUSD if 22.21 breaks.
This idea is invalid if the price goes above 22.71 before breaking 22.21 or hits the stop loss at 22.6 after breaking 22.21 and before reaching the target zone.
This idea is valid only a H1 gives a closing price below 22.21.
If this idea validates:
Stop loss is at 22.6
Target is the target zone
entry price: wherever a H1 closes below 22.21. However, you may also acquire an early entry if the green trendline breaks but it is relatively risky!
Best of luck and happy trading :-)
We might undergo a head and shoulders scenario on XAGUSD if 22.21 breaks.
This idea is invalid if the price goes above 22.71 before breaking 22.21 or hits the stop loss at 22.6 after breaking 22.21 and before reaching the target zone.
This idea is valid only a H1 gives a closing price below 22.21.
If this idea validates:
Stop loss is at 22.6
Target is the target zone
entry price: wherever a H1 closes below 22.21. However, you may also acquire an early entry if the green trendline breaks but it is relatively risky!
Best of luck and happy trading :-)
Trade active:
Perhaps, we can make a small entry here using 1/4th of the full lot I intent to use with the stop loss at 22.70
Trade closed: stop reached