Loii
Long

Silver potentially forming a inverse head and shoulders pattern

FX_IDC:XAGUSD   SILVER / US DOLLAR
75 2 5
Silver             potentially forming a inverse head and shoulders pattern

LONG AT $14.410

$14.70 is also a good price to start buying.

A clear break of $16.40 will see a price of $18-20
PP-Guy
a year ago
I think your forecast of 4/12-4/13 is favorable for a turning point/buy opportunity with low risk to reward potential. The PM market appears to be running 6-7 days out of cycle with other markets IMHO. If the DOW drops through 4/20 to 4/30 we could that the last PM price action was retracement or clearing of the weak longs before a rally. A breakout to new yearly highs around first of July and continuation through the end of the year depending on the POTUS confusion peaking??

Is this your vehicle of choice to trade silver versus a mini or outright futures contract? I'm a commodity trader and curious if this would allow me less risk exposure even if I have to give up some capital for the comfort.

I have followed you for awhile as I am new to the site and your approach of low risk and high reward to trading is similar and I would appreciate your input.

Thank You,
PP_Guy
Reply
Loii PP-Guy
a year ago
i trade cfds. i realised i you can make the most gains with very low risk during rallies if you follow the trend. however sometimes the first 15mins after news can produce false breakouts. i also do good Risk reward trades as well. silver is a good long term trade from these prices.
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