Silvers Consolidation cant last forever
I've been eyeing the possibility of Silver breaking out to the up side since last friday.
Eveything is aligned with my indicators all pointing up.
Found support multiple times on the dotted trend line.
Money flow holding stead and looking for some upward curvature.
Currently long at $31.18, could have certainly obtainted a better position should i have longed using a limit order at the 200 EMA. However thats okay, i have my eyes set on Silver trying to reclaim the $32.00 range shortly.
Last time silver was at those levels we saw a rejection, ill expect some tubulance once were back.
Stay tuned
Uni
https://www.tradingview.com/x/9TGl0x6Y/,
Eveything is aligned with my indicators all pointing up.
Found support multiple times on the dotted trend line.
Money flow holding stead and looking for some upward curvature.
Currently long at $31.18, could have certainly obtainted a better position should i have longed using a limit order at the 200 EMA. However thats okay, i have my eyes set on Silver trying to reclaim the $32.00 range shortly.
Last time silver was at those levels we saw a rejection, ill expect some tubulance once were back.
Stay tuned
Uni
https://www.tradingview.com/x/9TGl0x6Y/,
Trade closed manually
Much time has past since i made this post. Enough to see that the momentum wave on the 4 hour has the potential to reverse. Playing it safe i will take the profit off the table. Waiting longer would incurr more potential risk and is out of the scope of the trade we are looking to take. Remember look before you leap.Note
P.S trade was closed around the $31.65 range. Im just a little late to post and give the update the moment the decision was made.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.