luke1827
Long

(LOSS) LONG SILVER | KEY LEVEL SUPPORT | UPTRENDING CHANNEL

FX:XAGUSD   Silver / U.S. Dollar
68 0 1
Fellow Traders,

Price has bounced off a key level at 16.8, you will see this level acting as prior resistance which has now become support. This indicates strength and we will look for a move upwards.

A short-term uptrending channel is also in place and shown by the blue trendlines . Similarly, price has respected the slopes of this channel and support has been found.

Entry: 16.875
SL: 16.725
TP1: 17.315 (Take 50% of position)
TP2: 17.8

I suggest risking no more than 1% per trade by adjusting your position size accordingly.

Luke

Check out my performance record of all published trades on TradingView: http://tinyurl.com/klkd2vr

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