XAG/USD

Wait 5 sec.

XAG/USDSilverOANDA:XAGUSDNorvoski_Over the weekend XAG/USD was sitting in a premium price area based on the current dealing range and showing rejection at the 2H order block, where price has not been accepted above yet. During this Sunday open there was weekend gap through the 20 min OB and price is currently giving a reaction at an external liquidity level and protected HL. Short term: I anticipate price to rebuild structure on the LTF and target the 20 min min order block, internal buy side liquidity, and possibly external buy side liquidity if price is able to accept above and respect the 20 min order block which has yet to be truly invalidated. I believe the gap was used to rebalance price and gather additional liquidity Long entry: 73.62 TP: 74.50 Stop loss: 73.30 Invalidation of idea - Price is unable to reclaim the 20 min Bullish OB, I would start to consider a short bias, also taking into consideration of the macro news event from this weekend surrounding the war Another confluence of bullish intent is strong support shown at previous liquidity void/protected HL- and a Bullish 4H candle to start the Tokyo Session This is not financial advice just my observation of what the Markey is currently displaying