IvanLabrie

XAGUSD: Bottom's in?

Long
IvanLabrie Updated   
FX:XAGUSD   Silver / U.S. Dollar
I think we have good odds that the bottom of this correction is in for Silver. I'm long, aiming to ride the move back to the weekly range top. There's a chance to trigger a monthly rally, so don't miss this trade!
Long term stop: 15.864, short term: just under today's low, buy a new daily high tomorrow. Or risk 1 ATR under today's low if you want to buy now with a tighter stop.
If interested in my trading ideas, send me a pm for more information.

Best of luck!

Ivan Labrie.
Comment:
In this case it extended down to the second monthly support:


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