Yuriy_Bishko
Long

SILVER crossed 10-Months High!

FX_IDC:XAGUSD   Silver / U.S. Dollar
The price crossed 10-Months High 17.315.
We can open BUY in Zone if daily candle will close above this level.
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Yuri, what do You think about 10180 level according to last price movements scenario? Can it be potential mirror level to trend reversal? According to CryptoBullet`s idea, may be it is start of Eve shape?
Thank You for lessons, seminars, ideas.
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afalan afalan
@afalan, really sorry, Yuriy, not Yuri...
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afalan afalan
@afalan, I apologize for answer off-topic!!! I tried to answer at BTCUSD idea! Sorry, novice at this site
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dont buy a breakout. this is really bad advice.
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some_guy some_guy
@some_guy, or, if you do, sell it immediately and wait for the structure to confirm. even legit breakouts re test and confirm.
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@some_guy, thanks for comment. It true, better to close positin at the time
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some_guy some_guy
@some_guy, youd be better off shorting breakouts back to the confirmation
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some_guy some_guy
@some_guy, i think it _might_ go to test top of regression channel, but this is maximum risk location and I bought where those stars are and am already out.
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@some_guy, what is the indicators?
+1 Reply
some_guy Yuriy_Bishko
@Yuriy_Bishko, the MA ribbon is "jason jenkins wave plus pi" (which i made! woot). the blue line below is momentum. If you mean what was my indications to buy where I did, it was a (just barely) higher low with the potential to at least fake-breakout of lower side of reg channel. if you look at area right before stars, it looked very much like a forced descent while some big fish bought...for like a month straight. They could have sold it all in the last few weeks of market insanity. My guess is theres more upside and then some long flat distribution area. But its also worth considering that silver's chart is really spikey without many long flat consolidations

Sorrry for gigantic response, get me talking about charts and ill never shut up :D
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