SILVER (US$/OZ) - A RETEST BACK TO THE 18.50 LEVEL?
Updated
Reasons to buy:
1) Inverse H&S
2) Inverted hammer on a key structure level (have to wait for Friday close to confirm that)
3) Daily Stochastic oversold
My personal details:
Long @ Entry: 16.35, SL: 15.80, TP: 18.50
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
1) Inverse H&S
2) Inverted hammer on a key structure level (have to wait for Friday close to confirm that)
3) Daily Stochastic oversold
My personal details:
Long @ Entry: 16.35, SL: 15.80, TP: 18.50
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Note
refined view - running triangle complete?still not exactly clear what the price wants to do
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.