BUY SETUP ( SL CLOSE BLOW 16.625) (16 JAN 2016 TIME FRAME)
BUY SETUP >>>>>>>>>>>>>
Trade active:
Friends My STOP LOSS IS ALWAYS DAILY CLOSE BLOW
Trade closed manually:
Friends buy call given only for one week and silver unable to sustain on high level now exit from buy setup on monday morning.
Silver is still seen trading in a tight consolidation range of a cone type as depicted on the DAILY chart. The metal is bouncing between $13.70/80 levels as support and $14.20/40 levels as resistance. This subdue trading since several trading sessions might be an indicator for the next big move on either side. The break out should be awaited, on either side, which would be extremely powerful. It is recommended to trade in the range for now and then go along the breakout's direction. Immediate support is seen at $13.80 levels, while resistance is seen at $14.20 levels for now. A break above $14.30 and $14.60 would confirm that bulls are here to stay.
Trading recommendations: Trading in the range is a good strategy for now. Good luck!