Lionheart-EWA
Long

BIG RED BEAR knocking on your door! Part 4 - XAG/USD

OANDA:XAGUSD   Silver / U.S. Dollar
SILVER             ( XAG/USD             ) - BUY

Aggressive Entry @ 16.15
SL @ 15.75
Moderate Entry @ 16.00
SL @ 15.50
Targets: 16.80 / 17.20 / 17.60 / 18.00 / 18.50 / 19.20 / 19.60 / 20.00
Comment:
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Comment: Trade at BE, DXY could have one more Bullish Swing before the bigger drop. See Part 1 for NFP Technicals.
Comment: Market conditions are "dodgy" during these times and structure could become more Complex. Extra caution is needed, watch "DXY - Cheating with the Joker - Double or Triple Three?" video for more details. The set-up could be invalidated if the Dollar Index surprises.

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Trade closed: target reached: 16.80 target reached!

Switching to Bearish view with this post:


Chart update:
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hi , you seem to be lowering your target for silver from $22x (from another post) to now around $17,80, why is this? Also when silver get to your target, do you anticiate a big correction ? Thank you sir!
Reply
@Mitasse, Hi, surprised you noticed, you are correct. I am lowering the targets a bit for now because XAG is not moving rapidly on the up-side as I expected, also showing deep corrections, will keep on monitoring it. I need to see a Bullish Impulse this week to be on track for higher levels.
Reply
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