Is Silver ready to soar again? the week of 03 Feb
Weekly chart - bullish
Daily chart - Price above the 200 dma and 50 ema. Was consolidating, now bullish but should head higher after a small pullback.
H4 chart - note a support zone that price seems to be pulling back to, 20 ema also nearby to provide dynamic support.
I will be looking for some bullish chart pattern or candle stick at/near the support area to take a long.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Daily chart - Price above the 200 dma and 50 ema. Was consolidating, now bullish but should head higher after a small pullback.
H4 chart - note a support zone that price seems to be pulling back to, 20 ema also nearby to provide dynamic support.
I will be looking for some bullish chart pattern or candle stick at/near the support area to take a long.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Trade active
Price took off as I anticipated. I took partial profit, moved stop to b/e.
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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.
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.