WicktatorFX

SILVER - Take Advantage Of This Great Opportunity! 🎯

OANDA:XAGUSD   Silver / U.S. Dollar
In March 2020, we saw Silver shoot up in excess of 150%. Since then, we've been in a major correction for 2 years.

A correction usually consists of 3 waves with wave C having 5 waves and following the impulse schematic. We can see that we're currently in wave 4 and approaching the wave 4 invalidation level. This allows us to have a clear area for sells and invalidation level.

Trade Idea:
- Watch for rejection below the wave 4 invalidation level
- Enter with stops above the structure
- Targets: Recent lows 17.6, and then target the 78.6 bullish fibonacci

Do let us know what you think below.

Goodluck and as always, trade safe!

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