Just buying Silver @ 24.86, as it already broke the triangle (yellow) and pulled back to the range high BUY (which often acts as strong support). The grey trendline could act as a magnet attracting the price. For me it's good opportunity to get in with favourable risk reward ratio.
RRR 5.55
TP @ 31.9 which is resistance slightly below the projection of triangle height (projected from range mid-point)
SL @ range low
RRR 5.55
TP @ 31.9 which is resistance slightly below the projection of triangle height (projected from range mid-point)
SL @ range low
Comment:
Back at the entry price. I think it just needs to test support at $24.5 first, and then up up up.🥈 Let's see...
Comment:
Here we go. Now we need to break this downtrendline
Trade closed: stop reached:
SL hit, monitoring further for new setups
