(LOSS) LONG SILVER | KEY LEVEL SUPPORT | UPTRENDING CHANNEL
Fellow Traders,
Price has bounced off a key level at 16.8, you will see this level acting as prior resistance which has now become support. This indicates strength and we will look for a move upwards.
A short-term uptrending channel is also in place and shown by the blue trendlines. Similarly, price has respected the slopes of this channel and support has been found.
Entry: 16.875
SL: 16.725
TP1: 17.315 (Take 50% of position)
TP2: 17.8
I suggest risking no more than 1% per trade by adjusting your position size accordingly.
Luke
Check out my performance record of all published trades on TradingView: tinyurl.com/klkd2vr
Price has bounced off a key level at 16.8, you will see this level acting as prior resistance which has now become support. This indicates strength and we will look for a move upwards.
A short-term uptrending channel is also in place and shown by the blue trendlines. Similarly, price has respected the slopes of this channel and support has been found.
Entry: 16.875
SL: 16.725
TP1: 17.315 (Take 50% of position)
TP2: 17.8
I suggest risking no more than 1% per trade by adjusting your position size accordingly.
Luke
Check out my performance record of all published trades on TradingView: tinyurl.com/klkd2vr
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.