Silver is showing interesting behavior on both TF.
On 4H, we have a clear break of TDI and PAC and daily could show a break of TDI today or tomorrow.
We are way oversold on this commodity, so we could expect a healthy pullback to occur. This trade could switch from 4H target to daily target depending on PA.
On 4H, we have a clear break of TDI and PAC and daily could show a break of TDI today or tomorrow.
We are way oversold on this commodity, so we could expect a healthy pullback to occur. This trade could switch from 4H target to daily target depending on PA.
Comment:
I would have preferred to see more bullish candle on daily timeframe, but on 4H green TDI is way outside BB : that's usually a good sign for more bullish action.
Comment:
This trade had a good start but 4H TF is looking way oversold for a not-so-big rally. So I would advise caution to wait for more information on daily timeframe to see if we are set for a serious pullback/reversal or just a dead cat bounce.
On monthly we are way out a reversal, usually a fall does not reverse around RSI 40.
On monthly we are way out a reversal, usually a fall does not reverse around RSI 40.
Comment:
I'll take half profit on 16.664. And letting the rest run.
Trade active:
TP1 hit, closed half position. Put SL@BE and let the rest run!
Trade active:
Booked 25% profit and letting the last 25% to run. SL@TP1.
Trade closed: target reached:
Took its time, but TP hit. Very nice trade also.
