Silver has had an amazing run up as of late, looking for price to relax before, what I see, as more upside potential. Price is making a rising wedge formation RSI is overbought and indicating divergence. I have tried to fade this trade already, surprising how slowly price is reverting, will scale out and go to break even quickly on this. That's it, that's all. 1% Risk 2:1RR, -Happy Trading!
Trade closed manually:
We got the pullback desired and then away we went, a good trade and getting to break even and/or scaling out can be a tough choice, keep looking big picture.
I moderate a small community 4 traders, analyzing weekly charts, and discussing trade setups. Focusing on psychology.