Perak / Dollar A.S.Diupdate SILVER - Clean & Simple 🤩
Silver is creating one of the best price actions we've seen recently. We are seeing a very clear impulse - correction - impulse.
The correction appears to be an ABCDE descending wedge - leading towards the 61.8 fib which would be a great place to take SHORT targets and look for LONGS. The buy set up looks even better but for the meantime, we can look for shorts.
Trade Idea:
- Watch for the completion of the smaller ABC correction leading towards the descending wedge resistance
- Watch for bearish price action and enter with stops above the rejection
- Targets: 21.46 (400pips), 18.7 (600pips)
The buy set up:
- Watch for price rejection at the 61.8 fibonacci
- Enter with stops below that level
- Targets: 30 (1150pips), 35 (1640pips)
As always, please take care and trade safe!
Leave your comments and thoughts below.
The correction appears to be an ABCDE descending wedge - leading towards the 61.8 fib which would be a great place to take SHORT targets and look for LONGS. The buy set up looks even better but for the meantime, we can look for shorts.
Trade Idea:
- Watch for the completion of the smaller ABC correction leading towards the descending wedge resistance
- Watch for bearish price action and enter with stops above the rejection
- Targets: 21.46 (400pips), 18.7 (600pips)
The buy set up:
- Watch for price rejection at the 61.8 fibonacci
- Enter with stops below that level
- Targets: 30 (1150pips), 35 (1640pips)
As always, please take care and trade safe!
Leave your comments and thoughts below.
Catatan
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Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.