Based on price action, lots of resistance for silver. Thus my system points me to going short for today, though not discounting that we might see buyers at lower price levels.
Price now at 24.22. Price could sell from here or pullback to 24.41 zone which offers better R:R for shorting. Expect 24.68 to cap high of day - low risk sell level.
Lower targets are 23.948 and 23.766 with 23.5 as cap of low of day - low risk buy level.
Price now at 24.22. Price could sell from here or pullback to 24.41 zone which offers better R:R for shorting. Expect 24.68 to cap high of day - low risk sell level.
Lower targets are 23.948 and 23.766 with 23.5 as cap of low of day - low risk buy level.
Note
Price ramp past my zone without a bearish setup but now at my cap high of day. Looking for setup to go short
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Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.