Silver 30 m Ascending Channel Long.
Updated
This pair has created new high on 4H but is at a support level so it may hesitate here awhile. 1H has divergence on the Macd and AO from this long trend. There may be room for this one last push long in the 30 m channel. Watch carefully if price goes to bottom of channel in a pull back. It may be ready to just break through short at the bottom trendline. These channel lines are drawn from our Channel Trending Indicator, it works great.
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We have many different strategies to learn on our blog and we are constantly coming out with new strategies for traders to learn every week. Visit us below on the website, Twitter or Facebook.
Watch for our new “Five Candle Mastery Trading Strategy”.
Note
My first time trading this pair. Spread is too high. I wanted to enter at 16.30 and exit at 16.40 but the spread is 4 pips. So now my buy stop is 16.34 and TP is still 16.40. Pair seems to cycle up to a new high every 10 pip range. All of the strategies work on all pairs you just need to make sure the ROI is worth it.
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