SILVER on the 4h chart after the bearish impulse reached the 26 areas.
The price is testing an important descending trendline nearby a weekly structure.
The slow retracement and the test of the 0.618 Fibonacci level make me consider a possible bullish continuation.
How can i approach this scenario?
I will wait for a possible break of the structure and if that will happen i will look for a nice long order according to the MTB strategy rules.
The price is testing an important descending trendline nearby a weekly structure.
The slow retracement and the test of the 0.618 Fibonacci level make me consider a possible bullish continuation.
How can i approach this scenario?
I will wait for a possible break of the structure and if that will happen i will look for a nice long order according to the MTB strategy rules.
Comment:
waiting for a break
Comment:
testing the weekly resistance