Long, take @ your own risk good R:R in my opinion and shorts are now extended, this is a short term trade I am looking to enter during the asian session, as long as prices remain above 50% fib before the asian sesh i will be looking to go long around those levels. if your an aggressive trader you can enter @ current levels. But do so @ 30% of your regular lot...
Potential long here, however strong bears currently so could well break through and head towards 16 port of area.
Waiting to see how silver opens to see if support holds for long potential or if a breakdown and retest short to 17.6 is tempting
Silver was in a corrective 4th wave triangle and it just finished today. The 5th wave should take us up all the way to around 22.100 . If you want to be on the safer side, wait till silver breaks the upper side of the triangle then place your trade. Buy 19.670 SL 19.472 TP 22.100 Good Luck