I strongly believe silver is set for a major rally in the coming months.
To begin, I'm entering this swing trade with 12 key arguments I've identified, where 90% are bullish and only one is bearish.
Bullish Arguments:
Monthly PCH being disrespected Monthly PCL being disrespected
Weekly swing low not respected Weekly Bullish FVG being respected
Daily Bullish FVG being strongly respected Daily swing low not respected
4H Bullish FVG being respected 4H swing low disrespected 4H swing high disrespected
Bearish Argument: Daily swing high being respected
Trade Management:
Stop Loss at yesterday’s low ($29.70) since a rejection would signal a continuation into the daily FVG, giving us a better entry. Take Profit at the swing high or near buy-side liquidity to lock in profits without being greedy. Risk/Reward Ratio: 4.69 Risk: 2%
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