analytics605c385242d7a.jpg

For the past three months, silver has been dipping to $ 25. In technical analysis, this situation is called “level pressure”.

analytics605c565f46f73.jpg

Having this situation, it is not ideal to buy silver because you will be caught in the middle of the stop orders set under $ 25,. Such is a classic trap often seen in the metals market.

Instead, what you should do is to wait for a breakout and pullback to best prices, as shown in the screenshot above. More specifically, the target is to bring silver to $ 22.

Of course, you need to be very careful to avoid losing money. Trading is very precarious, but profitable as long as you use the correct approach.

The plan above is under the Price Action and Stop Hunting strategies.

Good luck!

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.