Devjitrader

Devjitrader

This is very good example of false Breakout Trap in Flag Formation. What happened in this case , Silver is in downtrend fir long time and a reverse chart pattern formed near the bottom of the week. A flag formation is formed in 2 days of trading session where I used 3o minutes chart for this formation. Once the flag formation breaks near high of the trend line...

Devjitrader

The price of precious metals and the US dollar tend to move in opposite directions. In finance speak, they are 'inversely co-related'. This means if the dollar strengthens, silver is unlikely to do well. And that is exactly what has happened in this year. The dollar is a bit of a juggernaut at the movement. It's trading close to its 20-year high. In fact, so...