Silver - hitting a long term descending trendline
Hi All,
The moves in the last 2 days has been impulsive and very bullish.
We have moved into a longer term descending trendline which may cause either a sideways movement for a few days or a retrace of a greater degree..
Suggested trade:
Leave your stop at 17.43
Once you see the price above the green line and rests on it then you can add to your long. Right now be prepared for a pull back of some degree..
Be safe volatility is back and we should keep our stop well away.
The moves in the last 2 days has been impulsive and very bullish.
We have moved into a longer term descending trendline which may cause either a sideways movement for a few days or a retrace of a greater degree..
Suggested trade:
Leave your stop at 17.43
Once you see the price above the green line and rests on it then you can add to your long. Right now be prepared for a pull back of some degree..
Be safe volatility is back and we should keep our stop well away.
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