SILVER setup with very high potential.
SILVER broke below Long term Support around 22.1
If these levels now hold as resistance, this will confirm a breakout for me with lots of downside potential.
Be careful of potential bear trap / fakeout. This setup will be invalidated in the case of a break above the 50-day EMA, around 22.75.
This is very high timeframe, so could be highly dependant on news / fundamentals.
Prioritize risk management.
This is no financial advice.
Good luck and happy trading! :)
SILVER broke below Long term Support around 22.1
If these levels now hold as resistance, this will confirm a breakout for me with lots of downside potential.
Be careful of potential bear trap / fakeout. This setup will be invalidated in the case of a break above the 50-day EMA, around 22.75.
This is very high timeframe, so could be highly dependant on news / fundamentals.
Prioritize risk management.
This is no financial advice.
Good luck and happy trading! :)
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.