Silver Sell Idea

Silver could be a great sell opportunity coming from the H4 chart of the commodity. Here is my plan to join if we reach the level mentioned below. There is a confluence of two fibonacci expansions around the 17.60 zone. I also expect bearish divergence to form around that level.

Contents hide

1 Technical Analysis:
2 Silver Sell Entry:
3 Targets:

Technical Analysis:

H4 – fibonacci expansion confluence, potential divergence

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Silver Sell Entry:

As explained above, wait for the price to reach the 17.60 zone. I want to see divergence being created near this level. If the market gives us this scenario I will go for a sell.

Targets:

Aim 17.00 as your first target, and keep the other part as long as there is no opposite divergence.

Yours,

Vladimir

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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.