Channel trade for Silver
Current prices are at the top of the downward channel which may be a build up for a short opportunity.
For confirmation;
1. declining MACD histogram;
2a. oversold RSI levels;
2b. declining RSI levels; and
3. bearish engulfing.
Trade details
Stop loss: Immediate preceding high
Partial profit: Short term profit in the region of the green lines (strong resistance and fibb levels)
Full profit: nearing intimidate lows or at channel support line
Expected duration: 2-3 weeks
Best trades^^
For confirmation;
1. declining MACD histogram;
2a. oversold RSI levels;
2b. declining RSI levels; and
3. bearish engulfing.
Trade details
Stop loss: Immediate preceding high
Partial profit: Short term profit in the region of the green lines (strong resistance and fibb levels)
Full profit: nearing intimidate lows or at channel support line
Expected duration: 2-3 weeks
Best trades^^
İşlem kapandı: durdurma seviyesi
Totally invalidatedNot
That green support line killed it though
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.