(LOSS) LONG SILVER BREAK OUT IDEA | INVERSE HEAD AND SHOULDERS

Fellow Traders,

I see support levels holding for a conditional LONG SILVER break out opportunity.

If prices break through the green line drawn, an inverse head and shoulders pattern will form and will trigger the trade market entry. If prices fall below the stop loss level BEFORE breaking out of the green trendline, please CANCEL the trade.

Stop Loss set at 16.79
TP1: First target set at blue horizontal trendline at 17.12 (Take 50% off)
TP2: Final target will be the upsloping blue trendline (Take remaining 50% off)

I suggest risking no more than 1% per trade by adjusting your position size accordingly.

Luke

Check out my performance record of all published trades on TradingView: tinyurl.com/klkd2vr