Silver / U.S. DollarShort
Silver's Next Big Move? Dont Miss This High Probability Short!
In this analysis, I break down my short trade setup on Silver (XAG/USD) using a multi-timeframe approach to identify key levels, structure shifts, and liquidity targets.
• Monthly Outlook: Strong bullish close in January, but price is trading within a range between 32.67 - 28.77.
• Weekly Structure: Consecutive bullish candles since December with no real retracement, signaling potential liquidity grab to the downside.
• H4 Breakdown: Clear market structure shift with a lower high at 32.65, rejecting key resistance and breaking prior lows.
• Entry & Target: Shorting from 32.07, with stops above 32.67, targeting a 1:2 risk-reward down to 30.68 initially, with a possible extension toward 29.69.
Looking for liquidity sweeps and a healthy pullback before further continuation. Already in profit—let’s see how it plays out!
If you find this useful, make sure to like, share, and drop your thoughts in the comments!
• Monthly Outlook: Strong bullish close in January, but price is trading within a range between 32.67 - 28.77.
• Weekly Structure: Consecutive bullish candles since December with no real retracement, signaling potential liquidity grab to the downside.
• H4 Breakdown: Clear market structure shift with a lower high at 32.65, rejecting key resistance and breaking prior lows.
• Entry & Target: Shorting from 32.07, with stops above 32.67, targeting a 1:2 risk-reward down to 30.68 initially, with a possible extension toward 29.69.
Looking for liquidity sweeps and a healthy pullback before further continuation. Already in profit—let’s see how it plays out!
If you find this useful, make sure to like, share, and drop your thoughts in the comments!
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.
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.