DislikedGreetings all,
Look like a potentially good, long pinbar in daily /monthly Silver/USD chart,
I'm waiting for it to close above $30 tomorrow, which also happens to be on 61 fib retracement level
Can this be A+ trade?
Any comments will be much appreciated
CaesarIgnored
I would be careful with this after the freefall. Unless it can close very bullish I personally will remain skeptical and sidelined on it. Just cause it has a long nose these often will either hit the FTA(which can NOT be ignored - see chart), or they trickle back down before the real move higher(since we now know where potential demand lays in this market place)
Just my view
Best
Mike