Bit cautious on this one namely because Silver has already broken down out of the range
However there is a valid bat pattern within this triangle so taking a long position with a quick first target around 1333, will move to BE if target 1 is hit and if it rallies on then hopefully we will see 1415 or so
Relatively low risk entry with good R;R potential so see what happens
P.S. I do not and cannot give financial advice of any kind, these posts are to record and share my own ideas and not intended to be followed by others. please work out your own plans and define your own rules - as what works for me will likely not work for you and following others ideas blindly is a good way to lose money
However there is a valid bat pattern within this triangle so taking a long position with a quick first target around 1333, will move to BE if target 1 is hit and if it rallies on then hopefully we will see 1415 or so
Relatively low risk entry with good R;R potential so see what happens
P.S. I do not and cannot give financial advice of any kind, these posts are to record and share my own ideas and not intended to be followed by others. please work out your own plans and define your own rules - as what works for me will likely not work for you and following others ideas blindly is a good way to lose money
Trade closed: target reached:
First target reached during FOMC minutes 1.46:1 winner, second part of trade being trailed as I think there is a possibility of a breakdown out of this consolidation down to 1268-1247ish
Trade closed: stop reached:
Part 2 of trade stopped out