Let me start this by making it absolutely clear, that i am not doing this blog to make money or scam anyone. There is no product to buy, no e-book to download, no subscription-emails. Just me doing calls on the movement of silver price in USD every damn Sunday/Monday morning with updates during the week.
You can only follow my calls (like i do them), if you have a leverage account with a broker, where you can set stop losses, take profit, do limit sells and buys etc. If you dont have this, im NOT recommending you go open one. Keep stacking the silver and accumulate your crypto. Dont even look at this blog.
If you do do have one set up however - then welcome my friend! My silver soldier.
Lets look at some charts:
Uptrend since my first post has been holding nicely so far. I note that the longer downtrend resistance will be at around 18.2 in beginning of week and about 18.1 this Friday. Uptrend will be at around 17.1 beginning of this week and 17.4 by Friday close.
Now this is the same 4H chart, with 50, 100 and 200 DMA plotted in. 200DMA Res @16.65. 50 & 100 DMA sup @17.47 currently.
Things look much more bearish on the daily chart. We have res @17.65 currently at the kumo cloud. Cloud is currently descending.
Weekly chart looks like were inside the kumo, with res @18.25 and sup @17.4 this week.
This weeks recommendations:
- CANCEL limit short position @17.75 with TP 17.2 and SL 18.25.
- OPEN limit short position @17.65 with TP 17.45 SL 17.85
- OPEN limit short position @17.65 with TP 17.07 SL 17.85
RULES: If TP 17.45 hits, move SL on remaining open short position to cost (17.65).
Remember to stop by during the week as i may be posting important updates to positions.
See you during the week my fellow silver soldiers. My pioneers of freedom.
/Flemming