Silver is below all longer term Moving Averages and has a bearish bias .
A short trade is on chart
1. Entry - retracement of latest swing down.
2. Stop - outside multiple resistance structures ( River, Swing High and Monthly Key Level, 100 MAV )
3. Target - break of Demand Zone and formation of new lower low ( Fib 1.27 extension)
RR = 3.
A short trade is on chart
1. Entry - retracement of latest swing down.
2. Stop - outside multiple resistance structures ( River, Swing High and Monthly Key Level, 100 MAV )
3. Target - break of Demand Zone and formation of new lower low ( Fib 1.27 extension)
RR = 3.
