TBH first time ever trading silver, heard a lot and it looked promising.
so after 2 hrs staring at weekly and daily and hr time frames, I was able to form this.
predicting that price might continue the long trend or retest the drawn arrows and either break structure to a NL
or continue up after correction.
I'll be placing a sell limit @27.475 with a small SL around 27.620 (where price got rejected over multiple time frames,
and I'll be willing to take profit @26.885 (few pips before support point)
please let me what you think and if you have any idea on what indicators should be used here or what time frames are best judge for price action?
cheers
so after 2 hrs staring at weekly and daily and hr time frames, I was able to form this.
predicting that price might continue the long trend or retest the drawn arrows and either break structure to a NL
or continue up after correction.
I'll be placing a sell limit @27.475 with a small SL around 27.620 (where price got rejected over multiple time frames,
and I'll be willing to take profit @26.885 (few pips before support point)
please let me what you think and if you have any idea on what indicators should be used here or what time frames are best judge for price action?
cheers