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InkyGrip
Apr 26, 2023 5:03 AM

SILVER can bounce over the 0.618? 🦐 

Silver/US DollarSaxo

Description

SILVER on the 4h chart after the bearish impulse reached the 26 areas.
The price is testing an important descending trendline nearby a weekly structure.
The slow retracement and the test of the 0.618 Fibonacci level make me consider a possible bullish continuation.

How can i approach this scenario?

I will wait for a possible break of the structure and if that will happen i will look for a nice long order according to the MTB strategy rules.



Comment

waiting for a break

Comment

testing the weekly resistance
Comments
LegionQ8
So far, so good brother !
InkyGrip
@LegionQ8, you are welcome
WalterMoon
Nice XAGUSD explanation mate
InkyGrip
@WalterMoon, thanks bro
Lingrid
Possible scenario as I can see
InkyGrip
@Lingrid, happy to hear that
KABHI_FOREX_TRADING
Perfect analysis
InkyGrip
@KABHI_FOREX_TRADING, thanks buddy
MarsSignals
that was brilliant
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