FX.co ★ Trading idea for silver

Silver has formed a large bearish pattern, but inside it is a smaller wave structure, within which there is a good level to enter the market.

Taking this into account, traders could again open short positions, especially if they want to reduce the price once again.

Traders can sell silver from current prices, the limit of which is up to $ 28. Then, take profit as soon as the quote breaks below $ 26. The main target is to reach the 50% retracement level.

Of course, market players still need to be careful when opening positions. Trading is very precarious, but also profitable if the approach used is correct.

The strategy above uses Price Action and Stop Hunting methods.

Good luck!