slicedmelon

Silver - starting to look like risky long

OANDA:XAGUSD   Silver/U.S. Dollar
53 0 1
Hi All,

I have been looking at the larger picture and the analysis favours a long.

The stops should be below: 16.60
or for longer term traders stops should be below: 15.67

If I didn't count it wrong we are in the 3rd of the 3rd of the 3rd of the 3rd and generally it means a big move.. to the upside if the counts are right.. - nobody can know if it would until it does.. however for the loss of around $0.40 cents and the potential of $20+ price it is kinda a nice risk reward..



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