Silver - ignore entry and stop loss - read below Daily Chart - Price has pushed up and created an 8EMA gap. 4H Chart - Price has started it's downward movement to possibly close the gap. 1H Chart - Price has broken and closed below the 50EMA and is currently retesting. What do we need to take the trade: (1) Successful retest of the 50EMA on the 1H chart, (2) Indicators to be on side. TP at 16.66978, stop loss to suit R;R. Please note that this is my interpretation of the charts and should not be followed blindly. Good luck and trade safe.
TP1 104.43 TP2 103.93 SL 105.93 MOVE SL TO ENTRY WHEN TP1 REACHED
Trend continuation trade, entering on 50 % pullback, 2 4H ATR. Stops above resistance. TP at 161.8. ...view more