Short

XAGUSD Short Trade Setup

The upward structure can be a correction and if so, we should see a nice drop, which will break the previous low at 23.78. That's why I placed a pending order to take a short trade. If it makes a correction for more upside rather than a downward impulse, I'll hedge my trade. My risk is 0.5% because of the strong momentum of upside and the fact that 0.786 hasn't been tagged yet.

WaveAnalysis

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