VincePrince

SILVER, Big Triangle Formation, These Are Important Level Now!

TVC:SILVER   CFDs on Silver (US$ / OZ)
Hello Traders Investors And Community, in this analysis we look at the volatile precious metal SILVER 2-hour timeframe perspective which already prooving the breakout as of writing.

You can watch in my chart this big triangle formation which is more likely to break to the upside and confirm the proper setup to reach its upside targets which you can watch in my chart at the orange box between the 27.4 and 27.6 level, there is good potential that this will be reached because SILVER has some solid support in the range. This can be traded aggressively with immediate entry or conservative with entry after the pull-back and confirmation of the upper boundary, although both ways are possible here traders should decide according to individual risk-preference. When SILVER reached its targets it has to show if its strong enough to continue or bearish signals entering the surface which will reverse the perspective.

In this manner, thank you for watching, support for more market insight and have a good day!
The truest wisdom is a resolute determination.

Information provided is only educational and should not be used to take action in the markets

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