OANDA:XAGUSD a strong sell off is expected on silver this week. Firstly because recently price have been overbought and there is going to be ' a strong bearish impulse' due to adjusting he market equilibrium. Secondly, the NFP and other strong news that can affect the silver future price significantly.
We will have to keep close eye on the price action if price does not respect our zone then the idea will be automatically invalidated. we will update on this as we progress.
Trade active
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This trade idea has been spot on price did exactly what we had explained in our chart. rejected sharply at our area of entry and dropped more than 300+ pips.
Comment
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Closed half!
Trade closed: target reached
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3000+ pips target achieved one of the cleanest entry that we have ever taken.