Silver short opportunity

٥ يونيو ٢٠٢١

H4

• Strong and Strong bearish momentum indicated by MACD
  
• Out break of ascending channel and currently retesting the upward trendline resistance
  
• lower high and lower low was formed, it shows a bearish signal
  

Daily

• Trading at top of the symmetrical triangle pattern
  
• Histogram of MACD was formed under 0 level, it showing a bearish momentum was stronger than bullish momentum
  
• Golden cross of MACD line and Signal line above the MACD indicator chart
  

What to do now?

• I strongly recommend Short the market immediately
  
• The risk and reward ratio will be 1:1.5
  
• Do your proper risk management