Long

TRADE OF THE WEEK | Classic Trend Line Breakout Trade💰

Updated

Hey traders,

For a quite long period of time, Silver was nicely respecting a major falling trend line on a daily.
The price perfectly set lowers highs approaching that.

The war brought anxiety into the market making the investors rebalance their portfolios.
It triggered a strong bullish reaction and the market violated the trend line to the upside.
On a retest, I was looking for buying opportunities.

MarketBreakdown | WTI Crude Oil, AUDUSD, Silver, Dollar Index

My confirmation was a double bottom formation on intraday time frames.
I bought the market on a retest of a broken neckline.

My target was a local structure high.

Great winner and nice profit!

❤️Please, support this idea with like and comment!❤️

Note

Check my new idea on GOLD:

GOLD (XAUUSD): Technical Outlook For Next Week 🥇

VasilyTrader

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

💰Instagram: instagram.com/VasilyTrader/ 💰

✅Facebook: facebook.com/VasilyTrading/ ✅

Also on:

Related publications

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.