Silver fell out of a rising Andrews fork and it is now resistance. I have drawn an unproven downward pitchfork.
Excellent Risk :Reward ratio 20:1
Stop 16.80
Entry 16.70
Take profit 16.07
Time target : about 48 hours
Excellent Risk :Reward ratio 20:1
Stop 16.80
Entry 16.70
Take profit 16.07
Time target : about 48 hours
Trade active:
I did not notice that B point of above Andrews fork is not in place.
The correct fork is below. Target is similar in price and time. Stop loss should be moved to break even for a risk free trade
The correct fork is below. Target is similar in price and time. Stop loss should be moved to break even for a risk free trade
Comment:
Note the inaccurate fork was one hour time frame and represented the descending part of price seen in the blue portion of the descending fork above