I am still new to trading. Based on my analysis for Silver, the 4H chart shows HH and what I believe to be the end of the retracement.
Impulsive confirmation:
On 1H chart, I see multiple confirmation that gives me the bias idea it will go up. We see triple bottom at support, a trend line break, and a Higher low that was able to fill the value gap (I'm still learning about FVG, not to familiar with it). If price breaks above the resistance zone that I drew in: I would enter immediately, or I would wait for a pullback into that zone for a buy!
Anyone that is more experienced or have another thought about what I drew up, please feel free to let me know. I am still learning and I want to continue to grow with my analysis. There more last night that I saw, but didn't get a chance to share. EX: ETH had a double bottom and a neckline break, and couple other forex pairs.
Thank You and God Bless!
Impulsive confirmation:
On 1H chart, I see multiple confirmation that gives me the bias idea it will go up. We see triple bottom at support, a trend line break, and a Higher low that was able to fill the value gap (I'm still learning about FVG, not to familiar with it). If price breaks above the resistance zone that I drew in: I would enter immediately, or I would wait for a pullback into that zone for a buy!
Anyone that is more experienced or have another thought about what I drew up, please feel free to let me know. I am still learning and I want to continue to grow with my analysis. There more last night that I saw, but didn't get a chance to share. EX: ETH had a double bottom and a neckline break, and couple other forex pairs.
Thank You and God Bless!
Trade active
Now we have the break of that resistance. I'm going to wait for a pullback! I'm so excited to see my analysis is working :)Trade closed: target reached
Trade Update: We broke through the resistance zone, retest that zone and now its taking off! This is awesome!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.