Come along with gold, the Silver is another underlying asset to short. The trendline is not so perfect, but if 1h candle closes below the up trendline, it will be a good chance to have a try.
I prefer to put SL at 15.75, and TP is 14.31 at least, even lower to reach 13.33
I prefer to put SL at 15.75, and TP is 14.31 at least, even lower to reach 13.33
Comment:
Currently, I dont think the price can break down the trendline, so just be patient to see if the mkt gives us any chance to jump into the trade.
Comment:
No breakout, wait for another hour to see.
Comment:
Silver starts to break out, let us see the close price at noon.
Comment:
Price break out the trendline, there are 2 trading strategy,
1:half position short order now, and a half in when price pulls back to 15.46. (maybe wont triggered)
2: wait for the pullback to 15.46 to trade
1:half position short order now, and a half in when price pulls back to 15.46. (maybe wont triggered)
2: wait for the pullback to 15.46 to trade
Comment:
15.41-15.46 will be range to enter the order
Comment:
Price retest the trendline, watch for the breaking or not, if breaks, I probably will close the short position
Comment:
Interestingly, the trendline still works, also new down trendline formed, wait for more confirmation signal.
Comment:
We can expect the same triangle sideways as the gold. Wait for the breakout time.
Comment:
Same as gold, just wait for the pullback then entry the mkt
Trade active:
Forgot to update the post, entered the position at 15.42, wait for the movement