Silver moving in a ascending triangle on 240 after a sharp
bearish move till 26$ and facing resistance at 33.30 zones. Yesterday’s high
33.03 was 2nd attempt to this resistance line and a nice selling
pressure seen from that res. Area now level to watch is 31.20 zones for more
down. Below 31.20 it would confirm a decline till 29-26$. Macd indicator is
also struggling near zero line and getting ready for a bearish cross over that
is suggesting a valid break of this support line till silver trading below
33.30 I would like to book full profit in all longs taken by me and will wait
for a fresh entry after breakout. As per this trade setup your stop loss will be 33.60 zones for targeting around 29.30-26.50.
your suggestion and feedback will increase my confidence and inspire me to give best results. If you like this post then don't forget to leave your comment and share my blog with your friends and fellow traders.If you stuck in any wrong trade, send your queries to me at sunirathi@hotmail.com
your suggestion and feedback will increase my confidence and inspire me to give best results. If you like this post then don't forget to leave your comment and share my blog with your friends and fellow traders.If you stuck in any wrong trade, send your queries to me at sunirathi@hotmail.com
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