Silver has found support around the 21.50-22.50 level since late 2020. Price has recently formed a double bottom on the daily time frame at the 21.50 level. The market is currently making higher highs and higher lows off these support areas. The stochastic is in the oversold condition. I am looking for a low to form around the current price at the up trendline...
The GBPUSD Daily is breaking the up trend line at wedge resistance. If that candle closes to confirm the trend line break, I am looking for bearish setups/confirmation on the 1hr time frame to trade to the daily Fibonacci 1.618 at 1.3050
There is a Fibonacci 1.618 extension that aligns with the major 30,000 support level. If price closes below 41,000 support, then a move to 30,000 will complete the current Fibonacci sequence.
