Silver will have at least a C leg in it's correction. Do not forget there MIGHT be D and E legs also. Calculate your risks.
My plan: I will enter on C leg, if it goes up and breaks out, i will take my profits earlier, if it takes 5 legs to end the correction, i will have much higher targets, may be 26 usd
Targets: 23 usd - 26 usd
Dont forget stops
My plan: I will enter on C leg, if it goes up and breaks out, i will take my profits earlier, if it takes 5 legs to end the correction, i will have much higher targets, may be 26 usd
Targets: 23 usd - 26 usd
Dont forget stops
Trade active
I am still skeptical about the correction type but no problem as long as it worksTrade closed: stop reached
Longs closed at 18 usd signalIt is also a short signal but rather wait for another confirmation
I believe trading is a dynamic organism, and dont folow static plans. So i try to measure momentum and trade level by level. My trading setups are trad-able only in my style. I do not advise you to follow my trades, but only see a different perspective
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.
I believe trading is a dynamic organism, and dont folow static plans. So i try to measure momentum and trade level by level. My trading setups are trad-able only in my style. I do not advise you to follow my trades, but only see a different perspective
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.