Hello everyone:
Silver has always been on my long term watch list as the PA and fundamental behind Silver always seem promising to me.
Here on the daily chart, we are seeing a potential Head and Shoulder pattern, lower high could confirm more bearish movement to the downside.
I will enter only when I see a good rejection of the resistance level, EMA, fibs, and confirmation of lower high.
Looking to short Silver to around 14.00, after that we should begin to look for buy opportunity as the PA has once again hit the bottom of the channel.
i will be updating silver as the time progresses.
Dont miss the trade to the upside.
Silver has always been on my long term watch list as the PA and fundamental behind Silver always seem promising to me.
Here on the daily chart, we are seeing a potential Head and Shoulder pattern, lower high could confirm more bearish movement to the downside.
I will enter only when I see a good rejection of the resistance level, EMA, fibs, and confirmation of lower high.
Looking to short Silver to around 14.00, after that we should begin to look for buy opportunity as the PA has once again hit the bottom of the channel.
i will be updating silver as the time progresses.
Dont miss the trade to the upside.
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Looking for a confirmation to the upside when we see deceleration, reversal PA, and confirmation on the lower time frame before the big upside.