When look at silver on the daily time frame you can see that it has broken the lower range of a small channel and is now heading to the lower
range of the bigger channel.
Given by the looks of the Indicators it looks like theres enough selling pressure and strength for silver to break through this lower channel and 14 EMA level.
The previous up wave got rejected at the 72 EMA instead of breaking it. If you can see this also often means that price will retrace back.
Entry: 17.100-17.300 area.
Tp: 16.700 > 16.300 > 15.800
Sl: 17.700
range of the bigger channel.
Given by the looks of the Indicators it looks like theres enough selling pressure and strength for silver to break through this lower channel and 14 EMA level.
The previous up wave got rejected at the 72 EMA instead of breaking it. If you can see this also often means that price will retrace back.
Entry: 17.100-17.300 area.
Tp: 16.700 > 16.300 > 15.800
Sl: 17.700
Trade closed: stop reached
Trade active:
^ Missclick
Trade is active now
Trade is active now
Trade active:
When pressing the "play" button you see that silver changed below the blue upper range and bounced back and has now also broken the orange lower range. Time to sell more
Trade closed: target reached:
Took some patience but it has lead to awesome profit :D