Silver is currently in a strong uptrend, with the price recently reaching a new high before retracing to a key support level.
To potentially short the pair with confirmation, keep an eye out for a head and shoulders pattern on the 4-hour timeframe. A breakout below the neckline, confirmed by a 4-hour candle closing below 33.40, would indicate strong selling pressure.
This could lead to a bearish reversal towards the 32.47 level, based on a rising trend line and horizontal structure.
It's important to note that the neckline currently represents a strong demand area, so it's advisable to only consider shorting after a confirmed breakout.
To potentially short the pair with confirmation, keep an eye out for a head and shoulders pattern on the 4-hour timeframe. A breakout below the neckline, confirmed by a 4-hour candle closing below 33.40, would indicate strong selling pressure.
This could lead to a bearish reversal towards the 32.47 level, based on a rising trend line and horizontal structure.
It's important to note that the neckline currently represents a strong demand area, so it's advisable to only consider shorting after a confirmed breakout.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
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For paid signal👇👇 t.me/linofx1999
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。