Waiting for a Silver Breakout

Looks like we are developing a triangle here. These can break either way so let's wait and see what happens. We could see a bounce on the dollar index shortly which would push this pair further down but as always we'll wait for the structure to tell us what it is going to do.

The link below will show you my previous correct forecast for silver

All forecasts will be updated as they develop so remember to follow to receive them.

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve

Kommentera:

We've had a long breakout and long entry set up - there might still be time to get into this if it meets you trading rules