Looking to enter my short and close my long most likely depends on Oil and DXY will see how they all behave in the coming month. Likely for DXY to go lower than current DXY (possibly 92) good luck with trading It's my first post look forward to feedback.
After posting a buy fractal will be hit in Silver at around 16.00, two more weeks have passed and prices have continued upwards. It seems the weekly turnaround has happened and a new uptrend will unfold. Hold on to any longs. Stops in place. Ride the trend.
In one hour chart, AG has already break out triangle, try to buy from now on. Should the price fall below 16.8, close the positions and wait for further retracement .
A close above supply zone can challenge the higher one
Looking at MACD 4C, red candlesticks on volume are decreasing in size, and they will soon turn into green. Moreover, price has broken the resistance trend line. The last 3 candlesticks were all green, which seems to me that the rally has restarted.
Hello there! These are the moves I expect. Let's wait and see. Best wishes!
If you are wondering why Silver has been closing within such a tight range recently, watch the lines.
It continues to look like it has nowhere to go but down. We'll see.
A level of support for Silver has found its way in the form of an upwards trend line as well as a horizontal base at the 16.80 level. We'll be looking for price action here to determine if it will make its way higher, or if there'll be a break down to the next level of support at the 16.30 area.
Wait for the break out, then sell.
Target 1) 15.280 Target 2) 15.600 Stop Loss 14,860 FOMC Minutes today at 19:00 (London time) 06-April-2016 Break below Andrew pitchfork line might be starting to down trend. This is for my trade journal only feel free to comment.