Here we have the silver against the usd which is at the dawn of a breakout. On the chart we see that at 31.25100 the silver will surpass a high point dating from 2011. If it is heading towards its old ATH of $ 49.81, it will enter a price discovery phase after 10 years of consolidation and accumulation. There is a lot of potential on this chart.
I will take this long once the 31,251 is exceeded and closed daily, here it is not a question of opening a trade and exiting immediately but of riding the potential upward acceleration by increasing its stop loss gradually in a structured and non-aggressive way. .
My stop loss will be 20% of my entry price and my entry price will be based on a daily close. I know it is better to wait for a 3D timeframe or weekly closing on this kind of asset but this is my plan and in no way investment advice.
Feel free to comments my chart and share your opinion.
Thanks
I will take this long once the 31,251 is exceeded and closed daily, here it is not a question of opening a trade and exiting immediately but of riding the potential upward acceleration by increasing its stop loss gradually in a structured and non-aggressive way. .
My stop loss will be 20% of my entry price and my entry price will be based on a daily close. I know it is better to wait for a 3D timeframe or weekly closing on this kind of asset but this is my plan and in no way investment advice.
Feel free to comments my chart and share your opinion.
Thanks
Trade closed: stop reached