Great divergence on Silver..
Hi guys,
Even thou on Friday Silver bomb down, it is nothing unusual if you pay attention in the charts, there is a really big divergence in some time frames, so there's no reason to worry...
I personally got in a long position without waiting the candle on a 16H chart to close to see if it was the end of the down trend with a reversal candle, It was a mistake that sometimes I do, specially if the entry will be during the night hours for me so, I took my stop loss out and I fully believe in my analysis, that it will be a great long pull back.
I have marked in the chart where I entry the long position, a mistake that I tend to be commit when I'm not in the mood to wait... It's another lesson.
Do not close your positions if you are in a loss, there is a big divergence and it will get back, even to make some profits...
I hope my insight would help some.
cheers
Even thou on Friday Silver bomb down, it is nothing unusual if you pay attention in the charts, there is a really big divergence in some time frames, so there's no reason to worry...
I personally got in a long position without waiting the candle on a 16H chart to close to see if it was the end of the down trend with a reversal candle, It was a mistake that sometimes I do, specially if the entry will be during the night hours for me so, I took my stop loss out and I fully believe in my analysis, that it will be a great long pull back.
I have marked in the chart where I entry the long position, a mistake that I tend to be commit when I'm not in the mood to wait... It's another lesson.
Do not close your positions if you are in a loss, there is a big divergence and it will get back, even to make some profits...
I hope my insight would help some.
cheers
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