Silver 30M Triangle - Asia/Oceania Tues 3 Sept. 24

Sep 2

https://www.tradingview.com/x/hEiLnZ2D/

I saw this triangle develop of the 30m chart for Silver.

Price appears to be breaking down from Triangle.

Sep 2

Note

Price breaking down out of a 1 minute triangle

Sep 2

Note

Price below key EMA's

Sep 2

Trade active

Short:
Hourly trend-line has been broken under price

Sep 2

Note

Daily Chart:
Price sits well below key moving averages on Daily > 1%

Sep 2

Trade active

Continued weakness in the Gold-price

Sep 2

Note

* Trading is Risky. These are purely my own ideas which you are welcome to incorporate into your own trading. Please don't rely solely on my investment advice or trade setups. Not to be constituted as investment advice in a strict sense.

Sep 2

Note

The Gold-price has got a 5m & 10m bearish Head 'n' Shoulders

Sep 2

Note

But there is also a Bullish H&S'a but the neckline is right up there at 2508.

Sep 2

Note

If price breaks down at this Double bottom... I think there could be a considerable sell-off.

Sep 2

Note

Here is my triangle on the 30m chart.
I see the long-wick candles that formed early Monday New York time.
Price close to breaking to the downside of the triangle.

Sep 2

Trade active

Sep 2

Note

Short: Stop @ 2501.30

Sep 2

Note

TP: 2492 - 2494 zone

Sep 3

Note

Hourly Chart for Gold:

Sep 3

Note

Price action very slow during New Zealand the past 2 hours. Australia session commenced 20 minutes ago.

Sep 3

Note

Weakness under 28.50 for Silver

Sep 3

Note

28.4960

Sep 3

Note

Silver

Sep 3

Note

In the end I got them to chase after my tp right down at 28.32

Sep 3

Note

I placed a stop-loss for the buy-orders under the low price we just had. Silver has shot back up. Gold is struggling a bit. If you bought back in make sure you put a sl under the swing low down there.

Sep 3

Note

Gold stopped me out. I took quick profit on the silver. The system could move lower. Im taking a good break now. later.