I have tried to explain my short bias on the chart. We also have a descending triangle, well it doesn't mean that we jump into the trade right away.....lets wait for the break of that triangle, monitor the price action and then enter the trade....let it come to you...do not chase it.
Bearish Scenario : Lower High Yellow Trendline Broken and Retested. Yellow trendline break (near the bull Flag) Short oppertunity. Bullish Scenario : Red Line (broken but no volume so will not consider as a break (holidays)) Bull Flag Formation. Key support still holding. Pick you side, I am ready for both but i am biased long. Will see the price action on...
Retracement Completion. Consolidating at Fib .618. Several Rejection at this level. Bullish Divergence RSI.
Continuation Pattern. Trendline break and Retest Done. Trading above .618 Fib Keep a tight stoploss!
Looks like a bear blag formation. Looking to short at red trendline rejection and break of short term trendline (yellow line). Targetting 1.00300 I Will wait for both the requirement to be met before entering the trade with price action.
Trendline Retest Support Retested as Resistance Retraced to .618 fib kepping SL a bit higher due to SL HUNT
Retest of the rsistance zone after breaking support Looks like a double top on Hourly, Rejection Candle. You can wait for the treandline to break and enter.
Trendline, .616 fib rejection. Rejection Candle.
Broken Trendline and retest, wait for rejection if you want to be safe. SL updated to .58102
Buy Silver for the retest of the resistance zone . Reasoning : Retracement Pending. Inside bar breakout. Aligns with .618 Retracement.