Silver has created a bearish convergence on the H1 chart and we can now look to sell rallies that come in double waves up around 17.15 zone.
Silver Technical Analysis:
H1 – Bearish convergence
Sell Entry:
Look for double waves up after the bearish convergence to sell. Once price comes near the marked zone wait for divergence and find an entry for a short position.
Targets:
As first target aim the last low on the H1 chart, then move your stop loss to break even and let the other part run. I expect to see 16.20 zone re-visited again.
Yours,
Vladmir
