SILVER Long
1)Trend defined. 4h-1h uptrend.
2)Contradictory entry order. Just at the top of the last 1h consolidation area.
3)Default loss. Just below 4h-1h 26EMA .
4)Default target level. 5.2.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
2)Contradictory entry order. Just at the top of the last 1h consolidation area.
3)Default loss. Just below 4h-1h 26EMA .
4)Default target level. 5.2.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
Trade active
Filled at 29.426 after spread. Updated r/r: 4.53.Note
As price reaches an important level of resistance and the move does show a fair amount of noise, the stop loss is adjusted to meet the breakeven level.
Trade closed: stop reached
The stop move to breakeven proved to be a mistake. Trade closed and then turned our our way.
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