XAGUSD
This is an update to the previous idea about XAGUSD. As expected, after accumulation and manipulation, and absorbing the sell-side liquidity, the price reacted from the zone of interest. Now, distribution should occur, and our further targets are the unabsorbed minor liquidity and, ultimately, the previous high. However, it is important to note that there is an imbalance along the way. The price might ignore this imbalance and continue as expected, or it could react to it, leading to a significant revaluation of the asset towards the liquidity marked by me on the chart below.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.