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.
H1 – Bearish convergence
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.
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
The latest Federal Reserve developments have shaken the currency and precious metals markets, bringing the…
Forex trading is not simply about finding the right entry. You can have a well-designed…
One of the most important skills in Forex trading is knowing how much to trade.…
Hello traders, Vladimir here from Home Trader Club, and welcome to another Forex Weekly Forecast.…
Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of August…
Hi Traders! USDCHF short term forecast and technical analysis is here. We do our analysis…