XAGUSD bounces up from VWAP LONG

XAGUSD on the 15 minute chart- bounced off an intermediate term anchored

VWAP during the middle of the NY session. The Relative Trend Index indicator

and the Z-score are confirmatory. Price is now trending on the line of 2 standar

deviations above the mean VWAP line . I will open a trade here targeting

25.25 expecting a rise to the third deviation line in green before price should

hit some dynamic resistance. This would be about 1% ROI but leveraged on

forex several multiples of that. At the same time, I will review the AGQ ETF.

I expect the majority of the price rise to be at the overlap of the upcoming

London and NY sessions when trading volumes and volatility will be at their

highest.

Transaction en cours:

Stop loss raised on 0.55% price movement Holding a full leveraged position now risk free, will look to take a partial on Friday before the afternoon selloff.