Silver Long - Risk 1.6% 2.5R
Updated
Pending Order Filled at 27.65 on 2021-05-19 18:19:30.
Good order fill on retracement, dropped lower before holding above 27.65 for last 3 days.
Big sell off from 28.55 overnight, presumably more on dollar strength across the board.
Good order fill on retracement, dropped lower before holding above 27.65 for last 3 days.
Big sell off from 28.55 overnight, presumably more on dollar strength across the board.
Trade active
Daily 8/21 EMA has been strong support since beginning of May.I am going to move stop up to track the 21 EMA.
Note
Stop at 27.16 which still gives it lots of breathing room.
Risk is now 0.93%.
Trade closed: stop reached
Stopped out for loss of 0.93%.Note
Maybe will be signficant for Silver price going forward where strong break below 21 EMA.Could have managed this trade alot better, was keen to give it some room, but failed to think about USD event risks this week. I had already read that it was a strong USD Data weak. So far most data has been positive, which 'may' lead to NFP also being strong.
Commodities paired with USD got hammered on strong ADP and ISM PMIs.
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.