silver inside big channel down, and rightnow already failed to break 618 fibonacci area.
This is a good sign to take short position.
Use small stoploss above 61.8 with target at 1.618 will be very good for R/r ratio(risk and reward) 1:22
For long term bearish, we need to break minor channel as confirmation
Open short: 16.8
Stoploss : 16.90 - 17.05 (depend on your Money management)
Take profit : 14.25
Risk reward ratio : 1:22
This is a good sign to take short position.
Use small stoploss above 61.8 with target at 1.618 will be very good for R/r ratio(risk and reward) 1:22
For long term bearish, we need to break minor channel as confirmation
Open short: 16.8
Stoploss : 16.90 - 17.05 (depend on your Money management)
Take profit : 14.25
Risk reward ratio : 1:22
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