Silver possible Breakout / Fakeout on higher Timeframes
SILVER setup with very high potential.
SILVER broke below Long term Support around 22.1
If these levels now hold as resistance, this will confirm a breakout for me with lots of downside potential.
Be careful of potential bear trap / fakeout. This setup will be invalidated in the case of a break above the 50-day EMA, around 22.75.
This is very high timeframe, so could be highly dependant on news / fundamentals.
Prioritize risk management.
This is no financial advice.
Good luck and happy trading! :)
SILVER broke below Long term Support around 22.1
If these levels now hold as resistance, this will confirm a breakout for me with lots of downside potential.
Be careful of potential bear trap / fakeout. This setup will be invalidated in the case of a break above the 50-day EMA, around 22.75.
This is very high timeframe, so could be highly dependant on news / fundamentals.
Prioritize risk management.
This is no financial advice.
Good luck and happy trading! :)
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.