Buying Opportunities in XAG/USD - #1 Bought @ $23.585 Wed, Feb 01, 15:51pm. #2 Buy Order Filled @ $23.475 Thu, Feb 02, 02:12am. Moved Stop to $23.590 Thu, Feb 2, 21:26pm. Stopped Out @ $23.587 Fri, Feb 3, 00:27am +138.60.
Similar to XAU/USD, XAG/USD too saw a robust recovery from a sell-off into $22,967 overnight in New York. So strong was the recovery that XAG/USD ended the day as a hammer in the daily time frame as did XAU/USD.
This suggests that we may see further gains in the days ahead.
TRADE IDEAS
#1 Bought @ $23.585 Wed, Feb 01, 15:51pm.
#2 Limit Buy @ $23.375. Order Filled @ $23.475 Thu, Feb 02, 02:12am.
Stop @ $22.700. Moved Stop to $23.590 Thu, Feb 2, 21:26pm. Stopped Out @ $23.587 Fri, Feb 3, 00:27am +138.60.
Target @ $26.200.