Hello Price Action Traders.
Silver keeps falling below its 21 EMA. Yesterday the metal rejected the moving average plus the 19.73 level forming a bearish Pin Bar. Today the price action has formed an Inside Candle. Once the market is trending the odds are that it will continue to trend. However, wait for the Inside Candle’s low to be broken before considering short positions.
It’s all for today
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Luigi Bazzarelli, Professional Trader member of HereForexNaked.com