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Yuriy_Bishko
Aug 15, 2018 8:05 AM

Silver overview Short

SILVER (US$/OZ)TVC

Description

Exchange rate broke down range (i marked it gray)
When the price make range — you need to understand it is pause for accumulate position.

The price showed for us that that accumulation was for short.
I will look for short if the price will make pull back to Mirror level $15.20 with goal: $14.30

Push on like button if you like such analysis

Comment

There are 2 scenarios:
1. The price just move to $14.30 without any pull back. In that situation we can't open Short.
2. Exchange rate will make a pull back to $15.20, near that level we can open Short position

Take a look on H4 chart:

Trade closed: target reached

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