XAGUSD created a bearish trend hike AB=CD (in blue) after it failed to break out of the bearish trend line this morning. We also have another bullish trend (H1 timeframe) that was respected until it broke out recently. We witnessed it retest the breakout and bounced off creating our first bottom and now our second bottom (in white). I now anticipate it to complete our double bottom and proceed to be bearish meeting point D second and finally our structure resistance.
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