Silver Buy Idea

You know my long term opinion on the commodities such gold and silver. We saw a strong bullish control during past few weeks and I think we will see a correction now. I’m not going to trade this pullback, however i’m looking for buy setups to form. One way to join the bulls is if the price corrects near the daily trend line and enters the 15.50-16.00 zone. This is where I will be looking for bullish divergence to complete itself and go long.

Contents hide

1 Silver Technical Analysis:
2 BUY IDEA ENTRY

Silver Technical Analysis:

D1 – Bullish Double Cycle Completed

BUY IDEA ENTRY

Wait for the price to enter the the buy zone as shown in the screenshot below. This is when we should start looking for bullish divergence to complete and we can enter a long trade.

Targets: Aim 16.70 as first target and 17.60 as second one.

Protection (stop loss): below last low created.

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.