Looking for this long idea on silver. ONLY if breaks and closes above 33.97. If it does not close above that level, then it could just keep moving in the range that i have marked with two grey rectangle boxes. Alternate idea is, if it retraces back to the range, then look for longs from around the 33.6 levels.
Trade active
It has broken above, now I would wait for the new 4 hour candle to pull back, and only enter at the break of this high. I will not enter if there is no pullback first or if the high does not break after the pullback.Order cancelled
Note
it did not retrace and break the high of the previous 30 minute bullish candle, so the idea is cancelled.
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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.