Technician
Long

Silver: Breaking Higher

FX:XAGUSD   Silver/U.S. Dollar
1137 6 14
Multiple bullish breakout on silver             ,
- The price has taken the short term falling trend line
- The price has taken 16.65 short term horizontal resistance
- Monster Pin bar and at long term rising trend line and 15 major long term support area.

I think the price will find support above 16.65 in the near term, a pullback towards 16.65-16.75 may find renewed demand, targeting probably a test of 17.80 then 18.50 resistance levels as initial upside target for this breakout.

Happy Trading :)
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My best regards,
Technician
My live trades here https://telegram.me/joinchat/DgsnQ0FzifLqyI2YAoMqqQ
moneymaking
2 years ago
Hey Technician, that is a really good risk to reward ratio trade opportunity. Thank You for sharing !!
Reply
Ansari
2 years ago
hi,Technician, Many thank's.
snapshot
Reply
afbitcoins
2 years ago
Buy some physical bullion and stash it away for long term ;-)
+2 Reply
Patladj. afbitcoins
2 years ago
Yes do so, that;s a great plan to buy bullion, but first wait it to drop to $9 because it will drop to $9. Currently there's non existent Silver shortage and the dollar explosion is still pending....
Reply
TuranTurann
2 years ago
what risk limit?
Reply
VelsonChew
2 years ago
lose again :(
Reply
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