MohitMarwaha
Short

Silver Short on Supply

FX_IDC:XAGUSD   Silver / U.S. Dollar
Silver is approaching a Daily Supply Level and 18. 40 would be a good place to short with Stop Loss at 19.20 and Profit Target at 15.80
Trade active: The trade has now been triggered at entry price of 18.40 as posted earlier. Stop loss remains the same at 19.20
Trade active: Stop Loss can be moved to Break Even as the Trade is currently at 1:1 Risk Reward Ratio.
Conservative traders can take partial profits off the table as well.
Trade active: Stop Loss can be moved to lock in half the open profits at the moment as the trade is now at a risk reward ratio of 1:2
Trade closed manually: Have closed the trade manually with a little more than 1:1.5 risk reward on the FOMC price action.
MohitMarwaha

Comments

True opinion
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