XAG USD - Update to previous
Updated
XAG USD during the APAC session provided a nice bottom out and pullback from the daily 61.8% touch.
Our analysis yesterday was invalidated during time of posting due to the pullback not completing but testing the main demand highlighted below in the blue zone [see previous analysis].
We saw a great order block build and the sellers reject with bullish pressure from the demand block [look left] for structure.
Price is now showing us a great opportunity to head up to 29 again, however, remain cautious - the bearish move is still in play despite silver being 5.5%+ for the day.
But price on the higher timeframe has retraced to a demand imbalance and orders will be picked up - so from here we are expecting price to range between the 23.7 -24.00 now the zones are established the demand is in control.
See our previous trades . We have closed one trade previous and still have the original running from 14.88$.
Enjoy looking through our previous trades to follow the journey to now.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced level.
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
Our analysis yesterday was invalidated during time of posting due to the pullback not completing but testing the main demand highlighted below in the blue zone [see previous analysis].
We saw a great order block build and the sellers reject with bullish pressure from the demand block [look left] for structure.
Price is now showing us a great opportunity to head up to 29 again, however, remain cautious - the bearish move is still in play despite silver being 5.5%+ for the day.
But price on the higher timeframe has retraced to a demand imbalance and orders will be picked up - so from here we are expecting price to range between the 23.7 -24.00 now the zones are established the demand is in control.
See our previous trades . We have closed one trade previous and still have the original running from 14.88$.
Enjoy looking through our previous trades to follow the journey to now.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced level.
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
Trade active
target almost hit, runners now to complete
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