Silver (INR) completed its wave X at the INR 58450 low and seems to be making its way up within the corrective channel to complete Wave Y. It is most likely headed to INR 66000 area ($26 XAGUSD).
A subsequent correction to new lows is due before a long term upmove.
Risk level for stops also mentioned on the chart
A subsequent correction to new lows is due before a long term upmove.
Risk level for stops also mentioned on the chart
Trade closed: target reached
Long entry : 61380Profit exit : 66000
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
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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.
Michael @ SolomonsView
Twitter - @SolomonsView
Twitter - @SolomonsView
Related publications
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.