On the1h chart, SILVER is actually in consolidation in upper trend. We can draw the pattern corresponding to an isosceles triangle.
We have 4 available summits in this one. We can think that SILVER should rise again. I suggest you wait that the rate will break up the downing resistance of the triangle to reach a first target of 37 pips… But, be careful, the rate should have a second rebound on the upper support before breaking up the resistance.
John057’s Profile Page
My Suggestion: BUY SILVER at the resistance breaking up with a Take Profit of 33 pips for security and a STOP LOSS at 33,12.
We have 4 available summits in this one. We can think that SILVER should rise again. I suggest you wait that the rate will break up the downing resistance of the triangle to reach a first target of 37 pips… But, be careful, the rate should have a second rebound on the upper support before breaking up the resistance.
John057’s Profile Page
My Suggestion: BUY SILVER at the resistance breaking up with a Take Profit of 33 pips for security and a STOP LOSS at 33,12.
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