26.02.202112:52 Ανάλυση και κριτικές Forex: Trading idea for silver

Exchange Rates 26.02.2021 analysis

A bearish momentum took place in the market yesterday and today. Because of this, silver can now reach $ 26.

Exchange Rates 26.02.2021 analysis

In fact, since the quotes have formed a wave pattern (ABC), where wave A is the downward movement yesterday, traders can open sell positions from $ 27.3 - $ 27.5 and work for a 50% retracement. To do this, place limit at $ 27.9, and then take profit as soon as the quote breaks through $ 26.

Of course, traders 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!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Andrey Shevchenko,
Analytical expert
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