Silver looks like to be continuing going down. The big banks probably need to buy some more physical Silver, so they are pushing the price down in the paper / futures market. I will probably buy some physical silver as well. But as a trader I will short it. Most retail traders are bullish, which is a good indication we will go lower.
Here is the entry in my trading log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-26 XAUUSD Short With trend Down Horizontal Resistance Indicision break
Here is the entry in my trading log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-26 XAUUSD Short With trend Down Horizontal Resistance Indicision break
Commentaire:
Moved stop to break even