Silver has created an important pattern on the chart. The conventional traders look at this as a double top pattern. As a demand and supply trader instead of entering the trade at the break of the support line we will enter the trade on a retracement higher. This area will hopefully induce more institutional selling
Trade active
Trade active
Price hit target but we are expecting silver to push further to the downside hence holding this tradeTrade closed manually
All targets hit
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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.