A new opportunity to enter a position has formed.
The setup is simple and clear: the stop-loss is very tight, just 0.60%, while the upside potential is around +8%.
Globally, nothing has changed — the trend remains bullish, and I continue to work from the long side. Locally, I believe the recent pullback has completed. The market structure suggests that buyers are regaining control.
Even if this assumption turns out to be wrong, the tight stop-loss minimizes the risk and protects the position. Clear risk management and strong reward-to-risk ratio make this setup particularly attractive.
Always manage your risk and stay disciplined!
The setup is simple and clear: the stop-loss is very tight, just 0.60%, while the upside potential is around +8%.
Globally, nothing has changed — the trend remains bullish, and I continue to work from the long side. Locally, I believe the recent pullback has completed. The market structure suggests that buyers are regaining control.
Even if this assumption turns out to be wrong, the tight stop-loss minimizes the risk and protects the position. Clear risk management and strong reward-to-risk ratio make this setup particularly attractive.
Always manage your risk and stay disciplined!
Note
Added some silver to the position.Risk is managed through stops — currently placed below today’s low.
On one hand, the longer the market consolidates, the stronger the breakout could be.
On the other hand, this sideways action is starting to test patience.
Ok....Waiting for the breakout.
Trade active
Silver hit 33 again and slightly pulled back.I still think a breakout is coming, aiming for 33.50.
Staying in my silver trade and watching closely.
Note
It was close, but the stop loss wasn’t hit!Things could get really interesting now. Gold is pulling back a bit, but silver is holding up really well.
I’m still holding my position and believe we’ll see a move up soon.
And just in case I’m wrong — the stop loss is in place.
Trade closed manually
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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.