Silver / U.S. Dollar
Short
Updated

Silver - bat after channel break - confirmation of a downtrend

91
On the 4hr timeframe, a bearish bat in formation would confirm the beginning of the downtrend direction which XAGUSD has shown us in advance, by breaking a medium turn upward channel. A great occasion to short, with a target in the 15.74 area.
Potential entry level: 17.267
SL: 17.36
Target: 15.74
R/R: 1/20 !!!
Trade with care.
Note
Trade active.

snapshot
Note
snapshot
Note
snapshot
Note
Target 1 reached, and H4 candle closed below "A".

snapshot

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.