TRADE OF THE WEEK | Classic Top-Down Trade 💰 for OANDA:XAGUSD by VasilyTrader

TRADE OF THE WEEK | Classic Top-Down Trade 💰

Hey traders,

2 weeks ago, Silver dropped to a key weekly structure support.
We were patiently waiting for a confirmation to buy the market from there.

On intraday time frames, we spotted together a falling parallel channel.
The first condition that we were looking for to confirm our predictions was its bullish breakout.

SILVER (XAGUSD): How to Catch a Bullish Move? 🪙

After a breakout, we were patiently waiting for a retest of its broken resistance.
The price formed a double bottom formation on that.
Buying the market on a retest of its broken neckline, a great winner was caught.

+470 pips of a pure profit!

Did you catch this move?

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

Note

Check my new idea on US30:

Dow Jones Index (US30): Key Levels to Watch Next Week 📈

VasilyTrader

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