SILVER - What's the next move? I'm looking for a SHORT!

Morning TradingView fam :-)

Today I'm looking at Silver and planning my next move. It's moving in a strong upward direction, however I'm looking to take advantage of a short term pullback in the mean time.

With the approach to strong resistance, I'll be watching for reversal signs before I enter a short. As we are travelling in a big channel, these will likely be reversal candlesticks.

Potential for a short!

TRADE SPECIFICS:

ENTRY - 18.45804
TAKE PROFIT - 17.42419
STOP LOSS - 19.04570 (A bit high to clear some wicks - highlighted on chart for you)
RISK to REWARD - 2.47

If you like my ideas, please LIKE and FOLLOW me! :-)

Reminder - this is not financial advice, simply an idea. Please do your own research before entering any trades and ensure you use risk management such as stop losses.

Remember, there is only 5 outcomes when you enter a trade:

1. Break Even
2. Small Win
3. Small Loss
4. Big Win
5. Big Loss

Eliminate #5 from your future options.

Happy Hunting!

Order avbruten:

Missed the boat on this one - turned south before we got a chance for the entry... Looking for a long next