Preferred direction: BUY
Comment: Against the backdrop of the upcoming news week, metals in particular are best viewed from a medium-term perspective. Here, for silver, the most likely scenario seems to be the formation of accumulation and then growth towards a local maximum of 30 exactly (scenario №1). We also designate Scenario №2, and it is mainly necessary as a plan B in case of increased volatility, which is likely to happen.
The best thing, in our opinion, would be to find a long entry point using a breakout strategy at the level of 28.69664.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: Against the backdrop of the upcoming news week, metals in particular are best viewed from a medium-term perspective. Here, for silver, the most likely scenario seems to be the formation of accumulation and then growth towards a local maximum of 30 exactly (scenario №1). We also designate Scenario №2, and it is mainly necessary as a plan B in case of increased volatility, which is likely to happen.
The best thing, in our opinion, would be to find a long entry point using a breakout strategy at the level of 28.69664.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
Trade active
Trade active
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Trade closed: target reached
⚡️New ideas for USDCHF, USDJPY and SILVER⚡️
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🔥Trade with Strifor broker 👉 t.me/+vEBNFbz_wItmNzhi
Related publications
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.