Come along with gold, the Silver is another underlying asset to short. The trendline is not so perfect, but if 1h candle closes below the up trendline, it will be a good chance to have a try.
I prefer to put SL at 15.75, and TP is 14.31 at least, even lower to reach 13.33
I prefer to put SL at 15.75, and TP is 14.31 at least, even lower to reach 13.33
Note
Currently, I dont think the price can break down the trendline, so just be patient to see if the mkt gives us any chance to jump into the trade.Note
No breakout, wait for another hour to see.Note
Silver starts to break out, let us see the close price at noon.Note
Price break out the trendline, there are 2 trading strategy, 1:half position short order now, and a half in when price pulls back to 15.46. (maybe wont triggered)
2: wait for the pullback to 15.46 to trade
Note
15.41-15.46 will be range to enter the orderNote
Same as gold, just wait for the pullback then entry the mktTrade active
Forgot to update the post, entered the position at 15.42, wait for the movementDisclaimer
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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.