Hi friends on the weekly chart we can see how a retracement up to the trendline indicated on the chart is possible. We are likely to see this scenario at the weekend.
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Price has consolidated and potentially trend higher.
As usual, please take profit 1:1 and scale out with trailing stop.
The market is full of false expectation, lets not be one of them.
Looking at he Daily chart, Silver€ has percfectly bottomed on the daily support of Ichimoku cloud. Expected a long run from here piercing the previous high of 16.9€ in February.
Not trading advice.
Trading active from 15.9€.
Target 20€ in long run.
With today close I get a BUY signal from silver futures.
With this low volumes we can't consider it a breakout from the falling wedge like pattern just yet. But it is still remarquable.
concerning my indicators few noticeable things :
1- The RSI crossed above the to bolinger bands.
2- The Stochastic is up-sloping.
3- The price close above all exponential moving...