Silver 12h TF short opportunity
Updated
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
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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.Comment
No breakout, wait for another hour to see.Comment
Silver starts to break out, let us see the close price at noon.Comment
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
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15.41-15.46 will be range to enter the orderComment
Price retest the trendline, watch for the breaking or not, if breaks, I probably will close the short position
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Interestingly, the trendline still works, also new down trendline formed, wait for more confirmation signal.
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We can expect the same triangle sideways as the gold. Wait for the breakout time.
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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 movement
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