Very simple setup for 2.6:1 Reward/Ratio. Let me point out the most important signals here and we have quite few on current chart:
• 200 Emma stopped further gains against dollar
• Followed by long bearish candle accompany with shooting star
• 50% of retracement after mayor drop.
The TP area is within the channel in which silver is traded for the last year.
• 200 Emma stopped further gains against dollar
• Followed by long bearish candle accompany with shooting star
• 50% of retracement after mayor drop.
The TP area is within the channel in which silver is traded for the last year.