Silver Early Buy Setup
Updated
Silver is at important S&R zone, bullish momentum labeled in chart indicates market reacted to this S&R by given a strong bullish push. in smaller timeframe the structure is still bearish, unless the price breaks bear's structure 19.4 firmly to indicate reversal, but I'll make an early entry with current setup because the R&R is attractive.
chart is telling:
1. at important daily|weekly S&R
2. break down rejected
3. bullish momentum, great velocity
4. retracement bearish momentum is weak compare to bullish
5. SL hunted last night with strong bull pulled up
6. SL Hunting zone (1st Target)
Entry: 18.69
SL: Swing Low 18.38950
Target: take partial profit at 19.43 and set break-even for the remaining position, ultimate target $22.00
chart is telling:
1. at important daily|weekly S&R
2. break down rejected
3. bullish momentum, great velocity
4. retracement bearish momentum is weak compare to bullish
5. SL hunted last night with strong bull pulled up
6. SL Hunting zone (1st Target)
Entry: 18.69
SL: Swing Low 18.38950
Target: take partial profit at 19.43 and set break-even for the remaining position, ultimate target $22.00
Trade closed: stop reached
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