I am still new to trading. Based on my analysis for Silver, the 4H chart shows HH and what I believe to be the end of the retracement.
Impulsive confirmation:
On 1H chart, I see multiple confirmation that gives me the bias idea it will go up. We see triple bottom at support, a trend line break, and a Higher low that was able to fill the value gap (I'm still learning about FVG, not to familiar with it). If price breaks above the resistance zone that I drew in: I would enter immediately, or I would wait for a pullback into that zone for a buy!
Anyone that is more experienced or have another thought about what I drew up, please feel free to let me know. I am still learning and I want to continue to grow with my analysis. There more last night that I saw, but didn't get a chance to share. EX: ETH had a double bottom and a neckline break, and couple other forex pairs.
Thank You and God Bless!
Impulsive confirmation:
On 1H chart, I see multiple confirmation that gives me the bias idea it will go up. We see triple bottom at support, a trend line break, and a Higher low that was able to fill the value gap (I'm still learning about FVG, not to familiar with it). If price breaks above the resistance zone that I drew in: I would enter immediately, or I would wait for a pullback into that zone for a buy!
Anyone that is more experienced or have another thought about what I drew up, please feel free to let me know. I am still learning and I want to continue to grow with my analysis. There more last night that I saw, but didn't get a chance to share. EX: ETH had a double bottom and a neckline break, and couple other forex pairs.
Thank You and God Bless!
Operación activa
Now we have the break of that resistance. I'm going to wait for a pullback! I'm so excited to see my analysis is working :)Operación cerrada: objetivo alcanzado
Trade Update: We broke through the resistance zone, retest that zone and now its taking off! This is awesome!
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.