XAGUSD: confluence of waves
First I'd like to "correct" some beginners' knowledge about waves, waves are never a tool you use to trade, it's a tool you use to find the direction. Remember, riding with the major wave, you're following the trend of that period as well.
Now let me update the analysis of XAGUSD, as I mentioned before, buying the XAGUSD (and XAUUSD of course) is the correct trade. XAGUSD is running in wave 4-3, now we need to wait for a breakout and we'll see the rally up eventually. Hopefully this will happen within this week.
This is just my personal opinion, but I do trade exactly as I analyzed here, and instruct my members/friends to do the same thing. Let's wait and see what will happen in the following days. This analysis also works on XAUUSD.
Good luck!
First I'd like to "correct" some beginners' knowledge about waves, waves are never a tool you use to trade, it's a tool you use to find the direction. Remember, riding with the major wave, you're following the trend of that period as well.
Now let me update the analysis of XAGUSD, as I mentioned before, buying the XAGUSD (and XAUUSD of course) is the correct trade. XAGUSD is running in wave 4-3, now we need to wait for a breakout and we'll see the rally up eventually. Hopefully this will happen within this week.
This is just my personal opinion, but I do trade exactly as I analyzed here, and instruct my members/friends to do the same thing. Let's wait and see what will happen in the following days. This analysis also works on XAUUSD.
Good luck!
