Silver / U.S. DollarUpdated Silver Supply Rejection
Silver has just tested the Fresh Supply Zone, with a High Test Rejection Bar ( pin bar) ,
at a near 886 retracement of the prior upswing.
Most retail traders are net long Silver ( 95%+) . The Contrarian View is to take the opposite.
A trade is considered for Silver to retest the Demand Zone Below.
Enter - now
Stop - Above prior swing high
Target - Conservative Demand Zone. Aggressive look to prior lowest low .
RR = 2
at a near 886 retracement of the prior upswing.
Most retail traders are net long Silver ( 95%+) . The Contrarian View is to take the opposite.
A trade is considered for Silver to retest the Demand Zone Below.
Enter - now
Stop - Above prior swing high
Target - Conservative Demand Zone. Aggressive look to prior lowest low .
RR = 2
Note
Supply zone confirmed with double top, target still to be reached
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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.
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.