Silver may delay its move . Structure confidence is high. Lot of Long Opportunity if Silver close high today or tomorrow. Otherwise probability open for new low again during this week.
No SL -> No Trade.
Order cancelled
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I have structure confidence high for this. Confidence not yet broken yet. Can be traded upon risk appetite. Please hold your own research before enter. This idea hold only 10% of chance.
now silver has a last chance to glitter in the very deep of support levels. convincing double bottom in 1hr time frame, bullish pin bar in daily. we have a bullish engulf in 4H on Dec2 which is still valid as no 1H Or 4H candle closed below it, except for one wick which can be accepted as we are also talking about a double bottom. without that wick below support in 4H Time, this is a classic case of forming higher low in 4H Time, which is visible in line chart.
worth risking a little for a potential good reward as silver fell down without a proper upward retracement. I went long in silver on Friday late night @22.4$.
this could also be a case of trying to gain something from a dead cat bounce of silver as weekly and monthly charts don't look convincing for longs.
only reason i take up this long position is bullish price action in lower time frame, reflection of that in 1d chart.
dhawal227shah
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As per your study have entered at 22.8 levels in buying...But i think according to your view my SL should be hitted
Mr_Iniyan
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@dhawal227shah, Dont enter again if SL hit. I have only structure confidence for now. There is chance for new low.
worth risking a little for a potential good reward as silver fell down without a proper upward retracement. I went long in silver on Friday late night @22.4$.
this could also be a case of trying to gain something from a dead cat bounce of silver as weekly and monthly charts don't look convincing for longs.
only reason i take up this long position is bullish price action in lower time frame, reflection of that in 1d chart.