XAGUSD broke a long time wedge and now targets 16.881 figures. If Wave C extends to 161 and 261 Fibo lines, it may reach 20.5+ figures.
I buy from current level once the futures market is open and target the optimistic scenario.
Therefore:
Entry point: 15.775 (or the lowest possible opening)
SL: 15.400
Important: the quote may go lower than wedge during a day but has to close over wedge border. If closes below, the idea is aborted. The green arrow "C" also shows an ascending trend and may be used as the lower limit line.
RSI is quite low on timeframes 60 and lower which should indicate, it will moves up from opening.
TP1: 16.880
TP2: 18.280
TP3: 20.580
Trade safe!
I buy from current level once the futures market is open and target the optimistic scenario.
Therefore:
Entry point: 15.775 (or the lowest possible opening)
SL: 15.400
Important: the quote may go lower than wedge during a day but has to close over wedge border. If closes below, the idea is aborted. The green arrow "C" also shows an ascending trend and may be used as the lower limit line.
RSI is quite low on timeframes 60 and lower which should indicate, it will moves up from opening.
TP1: 16.880
TP2: 18.280
TP3: 20.580
Trade safe!
Trade active:
Trade active. Entry point: 15.800
Trade active:
Moved the trade to profitability zone to avoid any risk. If trade closes, I will search for better entry point
Trade closed: stop reached:
Saved profit. Looking to see how it goes from now to find better trade
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!