The Silver Bullet - Ichimoku XAG/USD Trade Setup

8 Jul 2018

This setups is similar to Gold, but Silver hasn't quite developed as far yet. I am still waiting for a completed kumo twist and chikou span to raise a little higher to confirm we will indeed stay bullish. So far we have seen price continue to bounce off kijun sen as support which is promising of an eventual bullish breakout. If we can get those bullish confirmations and we get the kumo breakout we're looking for I'll enter a long position. Similar to gold I'm targeting a longer flat kumo target. With the bottom of the kumo just below kijun, it once again gives a good area to set a tight stop loss with good risk to reward. If our bullish confirmation fail to materialize or we fail to achieve a bullish breakout of the kumo, this setup may become invalidated.