Silver Futures BUY for short term retrace

19 Mar

I'm cautious as market awaits FOMC tonight , but it's early in Europe and we have time for some retracement beforehand .

Long at 3440
Stop 3408
Target 3475


Price has retraced to an area of good liquidity in terms of previous activity and a Fibonacci retrace of most recent move , all in a generally upbeat market . Covering of shorts worried before tonights FOMC announcement could be enough to move price around .

E

19 Mar

İşlem aktif

A nice move as expected - given the FOMC later and potential volatility that may bring , i will move STOP TO ENTRY and take a portion of the position as profit .

E