SILVER (XAGUSD, SIL1!) Daily Bias... BULLISH!
Updated
You see we have a bullish BOS, it formed a +FVG, pulled back to the +FVG and the BOS, found
support and rallied towards the highs... forming another +FVG.
The expectation is for price to tag pull back into the +FVG and rally to the buy side liquidity.
If price runs the BSL before pulling back into the +FVG, then the probabilities of prices going
higher are significantly lower.
support and rallied towards the highs... forming another +FVG.
The expectation is for price to tag pull back into the +FVG and rally to the buy side liquidity.
If price runs the BSL before pulling back into the +FVG, then the probabilities of prices going
higher are significantly lower.
Comment
Price has moved as expected. Pulled back into the +FVG. There is a high probability that price rallies to the high from this discount array.Note how price stopped its descent right at the CE (50% of the FVG).
We'll see how it goes. I am mindful that price failed to make a new high Tues or Wed. Could indicate weakness.
Comment
SilverI think Silver is going to give us a layup during London.
It has already swept the PDL. It is now poised to move higher... inside of the Daily +FVG.
Just sayin'....
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