SILVER run up
Updated
Guys, I think we are very close to trend reversal 1D candle confirmation, and possible good entry point here around 14.6$ nice ADX position, RSI in the lower position and HUGE upside objective regarding my FIB levels up to 3.3 risk&reward ration on LONG position.
First conservative profit taking will be MA 200 levels, after that possible 78% FIB, and 16$ + levels up to weekly resistance point around 16-16.1$.
Stop should be placed bellow 14.25$
What do you think, what are your oppinons on this!?
Thanks, if you like what you see here please like and follow...
best regards, Igor
First conservative profit taking will be MA 200 levels, after that possible 78% FIB, and 16$ + levels up to weekly resistance point around 16-16.1$.
Stop should be placed bellow 14.25$
What do you think, what are your oppinons on this!?
Thanks, if you like what you see here please like and follow...
best regards, Igor
Note
Guys what do you think of this version of run-up, just beeing copying some previous market moves(different ones), and seems not so far away those two (orange and violet), lets see what you think...Peace!
tradingview.com/chart/9st8TkTw/
Trade closed: target reached
hoppfully you took nice 16$ profits here!
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