FX.co ★ Trading idea for silver

Continuing the plan presented last February 26 , the main target is to bring silver to $ 26 and set-off a breakout.

To do this, traders should open short positions at $26.9 - $ 27.2, and then aim for a 61.8% or 50% retracement. Place limit at $ 28, then take profit as soon as the quote breaks through $ 26.

Of course, they still need to be careful to avoid losing money. Trading in this financial market is precarious, but profitable if the approach used is correct.

The idea above is under Price Action and Stop Hunting methods.

Good luck!