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Silver is following Gold's lead and showing us some bullish price action. With the FED money printers going, the move to precious metals is logical. Let's look for an entry to make some money off this silver uptrend.
Resource: wsj.com/articles/soaring-silver-attracts-investors-11589897775 + cbsnews.com/live-updates/cares-act-jerome-powell-steve-mnuchin-testify-senate-banking-committee/
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe as ETH continues to show strength.
2. With this strategy, we are looking for long setups in a uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua line color) and/or bullish S/R levels plotted by Directional Bias (Aqua line color).
3. Right now we are looking for a long entry off the recently formed S1 bullish orderblock with a target of the R1 minor pivot point.
4. Our stoploss is placed below the price action at S1 to avoid any liquidity hunt. We will exit the position if our stoploss is hit or if Fractal Trend changes color.
5. Below we can see some other levels of interest to watch if S1 cannot hold.
Good luck metal heads!
Like, Comment & Follow to help the community grow 🎉🎉
---
Silver is following Gold's lead and showing us some bullish price action. With the FED money printers going, the move to precious metals is logical. Let's look for an entry to make some money off this silver uptrend.
Resource: wsj.com/articles/soaring-silver-attracts-investors-11589897775 + cbsnews.com/live-updates/cares-act-jerome-powell-steve-mnuchin-testify-senate-banking-committee/
---
1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe as ETH continues to show strength.
2. With this strategy, we are looking for long setups in a uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua line color) and/or bullish S/R levels plotted by Directional Bias (Aqua line color).
3. Right now we are looking for a long entry off the recently formed S1 bullish orderblock with a target of the R1 minor pivot point.
4. Our stoploss is placed below the price action at S1 to avoid any liquidity hunt. We will exit the position if our stoploss is hit or if Fractal Trend changes color.
5. Below we can see some other levels of interest to watch if S1 cannot hold.
Good luck metal heads!
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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。