Mrcheri

Mrcheri

TBH first time ever trading silver, heard a lot and it looked promising. so after 2 hrs staring at weekly and daily and hr time frames, I was able to form this. predicting that price might continue the long trend or retest the drawn arrows and either break structure to a NL or continue up after correction. I'll be placing a sell limit @27.475 with a small SL...

Mrcheri

regarding our live trade, as asian market openS, price enters into a consolidation phase. still holding tp moves sl to entry and we have risk free trade baby. CHEERS!

Mrcheri

been watching the price for few days and drew the most significant resistance and support levels. if price manages to break 30625 would be good level to sell at. this is just an idea and a way to get to know market better and what range it moves in. CHEERS!

Mrcheri

price finding a resistance to retrace back and follow the trend. I think market will consolidate for the next hours but price is deff bullish. I'll be entering with a small lot size and let the runners run. ENTRY: 1.20160 SL: 1.20000 TP: 1.21000 cheers

Mrcheri

we were waiting on price to find resistance and create and double bottom, but price couldn't find resistance and broke down , probably looking to sell , but lesson learned, you should ALWAYS wait for confirmation. cheer!

Mrcheri

price seems to be following the trend and heading towards target. notice price found a higher resistance points in both time frames. still watching closely and waiting for price to confirm support. PS. I'm only posting for practice. cheers!

Mrcheri

BUY STOP @1.20940 activated. will be looking to take profits at 1.21600 sl pushed few pips away from previous major support point around 1.20370just in case price spikes up. will be paying attention to price as it moves towards target.

Mrcheri

Watching closely and waiting for NY to open. price seems to be in some sort of a trend, possible a price reversal to retrace back to the areas of support around 1.21400 shown in the graph. let me know what you think.

Mrcheri

Market prices unfold in specific patterns ,following the 'ELLIOT WAVES' strategy, price might fall down to make another double buttom, and then continue up, or price will be stopped at resistance and fall all the way to visit 140.00. it's just an idea based of