Silver Price Action Outlook

Hello Price Action Traders.

SILVER

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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FROM A REAL TRADER TO REAL TRADERS

Luigi Bazzarelli, Professional Trader member of HereForexNaked.com

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