XAGUSD a perfect trading opportunity
XAGUSD is testing the support 25.80 and is making a bounce from it. This is setting a perfect risk to reward trading opportunities to take a long trade entry. A break below 25.70 is required for the downside reversal and that is where you should place a protective stop loss for the long trade. Although we will have a complete daily candle at the end of the day you can take a long trade entry based on a 4-hour chart and a bullish flag that has been forming inside the broadening wedge.
Note – take a long trade entry with the stop loss below 25.70
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