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Mihai_Iacob
Oct 24, 2020 5:36 AM

Silver- Back to 23 soon? Short

SilverOANDA

Description

As always, Silver is more "Technical", easier to read and more straight forward than Gold...
After the drop to 22, the price rose in a clearly corrective way, overlapping
Now the price lies just above confluence support and I believe (As for Gold) that this support will fall and the price will drop.
My target for Silver is 23 and a sell trade with a SL above 25 can have a R:R of more than 1:2
Comments
ProjectSyndicate
trendline break and failure will definitely open up
massive downside and bears may take over from there.
interesting setup, thank you!
Mihai_Iacob
@ProjectSyndicate, yes! Nice to share the same opinion
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