XAGUSD Long Trade Setup

20 בספט׳ 2021

On the daily scale, a running flat should be in the making, and it seems like we need an upward impulse for a complete wave B inside that daily running flat. So, I'm looking for long trade setups. As you can see, we got a bounce-back, which can be the reversal impulse, after a new low, which can be the end of the wave C. Now, I'm waiting for a correction to place a pending order. If my forecast is accurate, the white line should be broken. That's why I'll probably set my SL under that level. My target is 30 - 32 area.