Silver is below all longer term Moving Averages and has a bearish bias .
A short trade is on chart
1. Entry - retracement of latest swing down.
2. Stop - outside multiple resistance structures ( River, Swing High and Monthly Key Level, 100 MAV )
3. Target - break of Demand Zone and formation of new lower low ( Fib 1.27 extension)
RR = 3.
A short trade is on chart
1. Entry - retracement of latest swing down.
2. Stop - outside multiple resistance structures ( River, Swing High and Monthly Key Level, 100 MAV )
3. Target - break of Demand Zone and formation of new lower low ( Fib 1.27 extension)
RR = 3.
Related publications
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.
Related publications
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.