Silver -D, will break out 16.2 tonight!

FX:XAGUSD   Silver / U.S. Dollar
Just holding long positions,and wait!
Trade active: just by at 16.1, and a new high can be expected today
Comment: a new high for 16.382, approach to our goal:16.4. Get ready to close the trade or reduce some positions.
Comment: 17.48 is an important resistance in this week, can pocket some of the profit, and wait for next week retracement.
Very Interesting situation now, back up to higher highs, or down an out. ?
EW and Faylee both rock... Silver nailed it :D
+1 Reply
faylee senejani.ali
good luck with your daily trading:)
+1 Reply
great work, I think R2 reached also... now what is next target, back down for correction..or continue rocket
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I will take portion of my profit off and let the rest run till 17.661. And I will wait for a pullback to 4th wave then I will buy again.
Let's see what the expert advises us...
faylee senejani.ali
Me too, i've just pocket the profit at 17.17
+1 Reply
DownUnder senejani.ali
Ali, your pullback to 4th wave, is it around 16.90 (this hit now)... for buy again and ride up to 17.66, thanks
Hey. I was talking about the bigger wave. For now I will stay away as i closed most of my lots and will wait for a retracement sometime next week.
faylee DownUnder
17.48 is an important resistance in this week, i've already pocket the profit at 17.17,wait for retracement in next week .
+1 Reply

Hi, thank you for your post.
Attached is my analysis which is very close to yours. I prefer to buy on the bounce from the trend line.
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