We now wait for the NFP!
Here we have the silver chart in-front of us!
We are currently within the range of lows: 19.800 highs: 20.450, Pattern: Triangle/ Bear flag
If we are to go above key resistance area and above 50EMA + TL resistance I expect first target to be 20.750 areas and then 200 EMA areas which is around next resistance zone of 21.400. However, we are to decline with a strong NFP, I expect 19.500/400 to be your target areas.
Regarding NFP checking the other data as well, see the differential of it and is it at a vast numeric change.
Trade Journal
Here we have the silver chart in-front of us!
We are currently within the range of lows: 19.800 highs: 20.450, Pattern: Triangle/ Bear flag
If we are to go above key resistance area and above 50EMA + TL resistance I expect first target to be 20.750 areas and then 200 EMA areas which is around next resistance zone of 21.400. However, we are to decline with a strong NFP, I expect 19.500/400 to be your target areas.
Regarding NFP checking the other data as well, see the differential of it and is it at a vast numeric change.
Trade Journal
Trade closed: target reached