XAG/USD Analysis, Chart, and Trading Idea

Analytics for XAG/USD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

The descending wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending truncated structure;

Stop-loss: under the local minimum of the descending structure 21.780;

Target price levels: 22.570, 24.150.