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CFDs on Silver (US$ / OZ) forum

5 days ago

Entry Point (Buy): $39.80 – $40.20 (support zone + EMA confluence).

Stop Loss: $39.50 (below support + channel break).

Target Point: $43.00 (channel extension & projected move).

Strategy Used – Trend Continuation & Support Rebound

The price is inside a strong uptrend channel with EMA 70 as dynamic support.

Entering near support increases probability of catching the next bullish leg.

MR_JOHN144

6 days ago

Entry Point (Buy): 40.66 – 40.76 (near current price action and demand zone support)

Stop Loss: 40.55 (below the demand zone and EMA 200)

Target Point (Take Profit): 41.23

📊 Strategy Used:

1. Trend Channel Strategy – Price is moving inside an ascending channel, indicating bullish continuation.

2. EMA Confluence – EMA 70 and EMA 200 are below price, acting as dynamic support.

3. Demand Zone Confirmation – Strong demand zone at 40.55 – 40.66 provides a safe risk-to-reward entry.

✅ Risk/Reward Ratio (R:R): Approximately 1:4, favorable for buyers.