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malviainen
Feb 24, 2024 3:18 PM

Silver 15M Day Setup Short

SilverCapital.com

Description

There is a bearish trend on the 15-minute timeframe. At the moment the price is finishing its bullish correction. Therefore, it is possible to take risk for short position from the bearish order block at a price of 23.154 - 23.104.

If the price breaks through this block and the candle body closes the Character Change line, it means the trend has changed and the setup is not valid.

Comment

Higher timeframe 2H

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Main Timeframe 1D Setup

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The price did not reach the order block and formed a new bearish momentum

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Trade closed manually

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I saw a sign of a reversal today and decided to take a short-term risk for day trading.

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first target 22.410 taken

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chart on capital com where trade was opened

Trade closed: stop reached

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