XAG/USD currency pair analysis

Bears have tested the bottom border of the Ichimoku cloud forming a reverse pattern “pin bar”. Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant structure.

Stop-loss is under the local minimum of the descendant structure.

Target levels: 25.282; 25.700.