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
Central banks do more than change interest rates. They also influence financial markets through the…
When traders first learn fundamental analysis, one of the easiest assumptions to make is: Good…
When you open a Forex trade, you may be focused on one thing: Will price…
The Forex market is open around the clock during the trading week, but that does…
Losing a Forex trade is part of trading. Even a well-planned setup can fail. The…
Many Forex traders spend years searching for the perfect strategy. They study indicators, learn technical…