Bearish on Silver
Looking at the 4-hour chart, if we get a close below the recent HL (Wednesday, 30 Oct), I'll be going short with a SL at the Previous LH. This was attempted last Friday and failed. However, since then, it's put in an LH, so it looks more likely this time.
Keep in mind we are still in an Bullish Trend channel which I am expecting to break down in the near term as silver is well overbought atm.
If this does close below the 4hr its likley tomorrow the Daily MACD will also be crossed to the downside.
Ill have a risk to reward of around 1:2
Trade safe all!
Keep in mind we are still in an Bullish Trend channel which I am expecting to break down in the near term as silver is well overbought atm.
If this does close below the 4hr its likley tomorrow the Daily MACD will also be crossed to the downside.
Ill have a risk to reward of around 1:2
Trade safe all!
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.