How are you doing today friend? I hope you are indeed good and alright in every aspect of your trading activities mate.
I agree with you on the bullish bias and sentiment on the silver and traders aiming to trade on this market should advantage at 17.04:1f6120 and aim at 17.605.
In conclusion, my golden piece of advice to you mate; it is good to be patient with every market and always remember a proper risk management measure of 2% to 4% maximum risk per trade in order to protect your account balance even if your account balance is $10, $500, $1000 or more.
I wish you a good trading performance and profitable experience mate. Cheers!
Good Morning, hope you will be fine, it's good that you have not deleted your previous analysis just to prove that you are a good analyzer hope one day we will also be the good analyzer like you, yesterday I have also seen these potential buying opportunities at the silver when the holiday dws arises and now potential buying opportunities are available so buy it and grab the profits
but you should be careful because there is chance to move down when you use good money management system that will help you a lot to survive in this market and also you can trade with confident.
I will keep checking this. Wishing you a successful trading day, mate.
Last edited by forexguy9; 08-13-2019 at 02:35 AM.
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fadilah, I know my dear you are a successful technical analyser and I am very happy that you are with us who share her technical and fundamental knowledge with us before the release of any high impact event and also giving a Signals and this is really a good sign of his trader who help others.
My dear friend your statement is right at this time because due to the fundamental prices and most USA and China trade war now in action and yesterday chinese Yuan become so much we currency and now we are expecting that chinese Yuan will become more week so in this situation we are expecting that more upward moves in gold and silver.
Now let's see what will be happen and we should have need to do trade with proper money management and using proper stop loss. because nothing is possible without using stop loss these days to do trade on gold.
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Zenia Trading Journal
Updated : technical analysis of silver
It did not take long for the price to reach the first target, but I wanted to pay attention to something important that the price may bounce from the Fibonacci level 161.8 (17.477)as shown on the chart Because at that level the price would have formed a bearish butterfly pattern so pay attention to that level
In addition to that, with the price exceeding the level 17.193 we have the possibility of a bearish divergence between the price and MACD
I hope someone has benefited from this quick trading opportunity
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