Swing trade on silver
Hello, Silver been bouncing up and down for a month now, let's determine those zone, and the most probabilistic scenario supported by fundamentals.
We are stuck in this range between 28 and 32, and no sign of it being over, this is a swing trade idea, take a small positions and forget it, only check if previous high is broken and minimize your risk but as long as new low are created, you can keep it, i've already entered a short position.
Fundamentals: market is pricing at 40% a 50bps rate cut, i truly believe the rate cut will only be 25bps, which is supported by my technical analysis, this is a swing trade, entered short at 30.92, first tp is at 29.5 and second tp is at 28.7
We are stuck in this range between 28 and 32, and no sign of it being over, this is a swing trade idea, take a small positions and forget it, only check if previous high is broken and minimize your risk but as long as new low are created, you can keep it, i've already entered a short position.
Fundamentals: market is pricing at 40% a 50bps rate cut, i truly believe the rate cut will only be 25bps, which is supported by my technical analysis, this is a swing trade, entered short at 30.92, first tp is at 29.5 and second tp is at 28.7
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