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

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.

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