Today’s trading setup is coming from the XAGUSD (Silver) market. I have spotted a daily pinbar, which has formed just above a support level of 16.500. I am looking for an intraday formation to possibly go long. A good entry point would be 16.750. Currently the price is trading slightly higher, but am looking for a candlestick confirmation. My stop loss would be placed just under 16.20. My first target would be the level of 18.000. The secondary target could be the level of 19.000. Just be extra careful with this setup, because we are in a minor downtrend and the next support level is 15.500.