H4 chart we can see price has broken out of this bullish falling wedge formation, and broken a key resistance level. Personally i am waiting for a retracement into a fib level and looking for this 1.3145 zone to act as support before going long. EYES PEELED AND ALERTS SET.
I would love to see price break this small ascending trend line now that we have reached the key structure zone. I have illustrated what we could potentially expect next if we manage to breakout. If we manage to break the key structure zone we will be looking for buys into 0.93000 level.
77.2% of commercial players are long according to our COT Data source.
Keeping my eyes on silver, I will be monitoring how price reacts at the key structure zone marked. If we manage to see a break above the zone I will be looking for a buy from the re-test into the highs of 32.50. If we see continued rejection from the zone marked I will look to ride the small downtrend into the 26.50 level. Higher time frame candlesticks are all...