Silver has been making lower lows and lower highs. This indicates price is trending down. Price has moved back to the moving average. In other words: it has reversed to the mean. From here there is a high probability prices will continue moving lower with the trend. If price moves up past the recent high, then the trade is invalidated. I have entered at market with a stop above the recent swing high and a take profit target at the lows of December 2018.
This is my entry in the Samurai Trading log: Date Pair Direction Trade Trend Level Signal Entry 2019-05-07 XAGUSD Short With trend Down Dynamic Resistance Indicision Market
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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.