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.