Silver
The main trend of the Silver is an uptrend as we can see on a daily chart.
During the last 3 weeks, there is a decline, part of a technical correction, and the price is moving towards a support area of 16.00.
On 4 hours chart there is a diagonal support line who can meet with the price around the 16.00 level, if the technical correction will make its way to test this level.
What are we waiting for?
First we are waiting for the price of the silver to continue the technical correction, until it will stops around the level of 16.00.
Then we will be waiting for a bullish pattern to appear, from a daily chart and up to an hour chart.
After a strong bullish pattern will appear, we will be able to enter with a trade which will continue with the upward trend.
For Forex traders:
Buy between the levels of : 16.00 – 16.10.
Stop loss point : 15.80.
Take profit point : 18.00.
For Binary options traders:
A call option between the levels of : 16.00 – 16.10.
Expiry time : The end of June.
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