lowstrife
Long

Weekly Silver outlook with ICT market structure

FX:XAGUSD   Silver/U.S. Dollar
635 2 7
a year ago
Just some basic support and ICT structure analysis. Major reversal\inflection zone at $10 which we could hit if the current triple bottom at $14 gives way which it could.

Other option is rejection of current $14 low in a "spring" move which would lead to the last year's price action being an accumulation range and we would exit this trading range to the upside.

Just a pure TA view, not directed from any fundamental fiat currency basis.
2 months ago
Trade closed manually: Looks like we took option two and exited to the upside with $14 holding. Brexit rally was real, back to resistance now. You can close your longs! Too bad I never got to buy.
Tanner
2 months ago
Do you still think it's possible to get below 14$ at this point? My buy in is around 15-16.
Reply
lowstrife MOD Tanner
2 months ago
No clue, I'd still only be interested if there was another leg down to start buying around $10. Otherwise I'm not a fan of chasing, not for long term value trading.
Reply
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