Silver / U.S. DollarShort
SILVER POTENTIAL SHORT OPPORTUNITY
Hello Everyone!
How are you all?
Silver is an instrument to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The Corrective Structure is still within 50% impulse move.
2. The price has formed a continuation structure.
3. The price is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
How are you all?
Silver is an instrument to watch this week, because it is shaping up very nicely for a bearish trend continuation that we can capitalize on.
So, I will be looking for a bearish continuation because of the following reasons:
1. The Corrective Structure is still within 50% impulse move.
2. The price has formed a continuation structure.
3. The price is approaching the value area.
Game Plan:
If the price comes to the VA, and rejects at that level or sweeps the High, and makes a bearish impulse followed by a 15mins flag with two highs and lows.
Entry : will look for a risk sell entry within the flag or a reduced risk entry on the breakout of the flag.
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.