Long

XAGUSD - 4H - LONG

Updated

Silver is showing interesting behavior on both TF.
On 4H, we have a clear break of TDI and PAC and daily could show a break of TDI today or tomorrow.
We are way oversold on this commodity, so we could expect a healthy pullback to occur. This trade could switch from 4H target to daily target depending on PA.

Note

I would have preferred to see more bullish candle on daily timeframe, but on 4H green TDI is way outside BB : that's usually a good sign for more bullish action.

Note

This trade had a good start but 4H TF is looking way oversold for a not-so-big rally. So I would advise caution to wait for more information on daily timeframe to see if we are set for a serious pullback/reversal or just a dead cat bounce.
On monthly we are way out a reversal, usually a fall does not reverse around RSI 40.

Note

I'll take half profit on 16.664. And letting the rest run.

Trade active

TP1 hit, closed half position. Put SLbe and let the rest run!

Trade active

Booked 25% profit and letting the last 25% to run. SL@TP1.

Trade closed: target reached

Took its time, but TP hit. Very nice trade also.

Bastosai

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