Silver has been in a consolidation since reaching $21.11/oz. A range of trading can been spotted on the chart in the box from 19.20 to 20.60. Selling zone is around 20.50-20.60.
Trade plan:
Sell limit @20.60.
Take profit @19.50.
Stay Tuned.
Trade plan:
Sell limit @20.60.
Take profit @19.50.
Stay Tuned.
Trade active:
I sold a half contract at 20.50, at the selling zone 20.50-20.60. If price ever reaches 20.60, I will add another half contract. Stop loss is set at 21. Take profit is set at 19.50
Comment:
Silver is at 19.85 now. 650 pips in profit.
Trade closed: target reached:
Target was reached.
