Currently Silver is within consolidation on Hourly Chart. It has taken support multiple times in the range of 15.450 to 15.550 which is very akin to 0.382 Fibo Retracement from the previous swing low. Till the time its holding onto that support, the chances of breakout above resistance zone increases and we might get a good long entry.
Prices could retrace all the way back to 130 levels as resistance is not being able to be broken on the short timeframe.
The price is below the moving average 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero level. If the level of support is broken, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 499.00 • Take Profit Level: 410.00 (8900...
Cypher Pattern is Taking Shape !! Take Long Position on FX:EURJPY My Stop Loss and Take Profit is on Chart !! Take Your Accordingly Happy Hunting ;)
Look at the resistance and the Fib zone . The market is RESPECTING the zone. It will start is bearish trend soon and get into the trade!