Silver / possible correction
We are very overbought for SILVER, I think, we should see a good drop of the precious metal.
I feel we may see a test of $ 26 area.
Strategy sell area: 30.80-31.80, may place your SL above 32.35 and take profit near $ 26.20 or a bit below 26.0$.
I feel we may see a test of $ 26 area.
Strategy sell area: 30.80-31.80, may place your SL above 32.35 and take profit near $ 26.20 or a bit below 26.0$.
Trade active
1st TP/ 4h 28.90Note
Unfortunately, the correction did not go well, the price failed to take the necessary liquidity from the most suitable area /31.10-31.8/ and accordingly the movement failed to receive the necessary downward impulse. /14.24 UTC/
Note
on 4h / Sell option is still valid; 31.30 - 22.00 / 02.02
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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.