Silver Buy Signal
Updated
On the 1-hour timeframe, buying begins, marking the end of the downtrend. The first sign of upward movement is observed. The price revisits the previous low with low volume but is unable to break lower, indicating selling pressure is absorbed by buyers. There is evidence of buyer accumulation for an upward movement, and smart money starts to buy at low prices. Signs of strength emerge as demand outweighs supply.
I am waiting for the price to go back to 30.678 for candlestick confirmation for my entry.
Entry: 30.678
Take Profit: 32.108
Stop Loss: 30.219
I am waiting for the price to go back to 30.678 for candlestick confirmation for my entry.
Entry: 30.678
Take Profit: 32.108
Stop Loss: 30.219
Trade closed: stop reached
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