SILVER - XAGUSD - LONG SETUP

We're looking for the LONG in Silver.
Market has retraced to the 382 of the whole swing from Mar 2020 - present.
It has also retraced 50 of swing higher from December 2021 - present.
It has knocked on the door of a trend line connecting tops from May 2021-present.
Currently market has come back to retest the breakout are from which it went higher.
From here we're are looking for a LONG entry.
Target would be the ABCD pattern taking us to 26.400

Comentarios:

Here it is on the daily

Comentarios:

First attempt at long we were stopped out.
Here is the 2nd attempt and so far so good
We'll look to see how the market reacts tot he 382.

Comentarios:

Amazing how the market hit the 382 and rejected it. The next day it went lower and stopped us out a 2nd time

Operación cerrada: objetivo alcanzado:

We've had a good run, we should be thinking about taking profits here.