SILVER triangle breakout
Just buying Silver @ 24.86, as it already broke the triangle (yellow) and pulled back to the range high BUY (which often acts as strong support). The grey trendline could act as a magnet attracting the price. For me it's good opportunity to get in with favourable risk reward ratio.
RRR 5.55
TP @ 31.9 which is resistance slightly below the projection of triangle height (projected from range mid-point)
SL @ range low
RRR 5.55
TP @ 31.9 which is resistance slightly below the projection of triangle height (projected from range mid-point)
SL @ range low
Note
Back at the entry price. I think it just needs to test support at $24.5 first, and then up up up.🥈 Let's see...Note
Here we go. Now we need to break this downtrendlineTrade closed: stop reached
SL hit, monitoring further for new setups
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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.