Silver: The Perfect Trade and New Opportunities

Do you have any ideas how we could catch that amazing upward movement and make tons of profit with that long trade? If yes, share them in the comments below this post.

What about the current situation? The higher highs and higher lows tell us that the market is going to continue the uptrend. At the same time the price is at the local downtrend line and we have to watch for the price action at this zone. If the price bounces from the downtrend line and breaks the local uptrend line, it will be a solid bearish signal. We will be able to search for trade opportunities for shorting using the hourly timeframes.

If the price breaks the local downtrend line, it will be a bullish signal. We will be able to open long positions in the direction of the main uptrend using the daily and hourly timeframes.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.