I have placed my bias for silver to dropped to the profit level marked with the blue horizontal trend line. I have taken several factors into consideration on this trade such using a higher timeframe and more. RSI indicator is also shows us an extreme overbought on the 4 hour. I think this pair is pulling back a little to possible trend higher than the previous...
Price has dropped down to a support level as shown by the horizontal trend line. this support level is based off a higher time frame from what is on the chart. I have also taking my RSI indicator reading into consideration which all let to this BUY for me.
my bias on this is a long set up as shown on the chart. price has dropped down to a strong support level as shown with the horizontal line. this support level is on a higher times than what is shown. I have also taking price action into consideration along with the RSI indicator.
