Hello everyone, if you like the idea, do not forget to support with a like and follow.
SILVER is overall bearish trading inside the brown channel, and it is currently sitting around the upper trendline, so we will be looking for trend-following sell setups.
SILVER is overall bullish from a short-term perspective, trading inside these two gray trendlines.
So to consider selling Silver, the price has to form a third swing low around the lower gray trendline to consider it valid, then and only then, the reversal setup would be ready and confirmed after a momentum candle-close below the last swing low (gray area).
Trigger: Waiting for a momentum candle close below the gray area to sell.
Meanwhile, until the sell is activated, Silver would be overall bullish and can still test the supply and strong round number 30.0 in green before going down.
And of course, as Silver approaches our lower brown trendline and round number 21.0 we will be looking for buy setups on lower timeframes.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SILVER is overall bearish trading inside the brown channel, and it is currently sitting around the upper trendline, so we will be looking for trend-following sell setups.
SILVER is overall bullish from a short-term perspective, trading inside these two gray trendlines.
So to consider selling Silver, the price has to form a third swing low around the lower gray trendline to consider it valid, then and only then, the reversal setup would be ready and confirmed after a momentum candle-close below the last swing low (gray area).
Trigger: Waiting for a momentum candle close below the gray area to sell.
Meanwhile, until the sell is activated, Silver would be overall bullish and can still test the supply and strong round number 30.0 in green before going down.
And of course, as Silver approaches our lower brown trendline and round number 21.0 we will be looking for buy setups on lower timeframes.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.