I said in my post on Monday that this move looked promising and it didn’t disappoint .
In fact it rather surprised me and Ive been nipping in and out of the long after the initial surge when I really should have left it alone to do its thing . Read the previous post with charts here .
I’m guessing we get a period of consolidation here but buying dips and poaching the bounces is how I will continue to play this one for now. The yellow arrows in the chart below show the good risk reward longs that kept me buying.
Watch the 61.8% (red arrow) of the larger swing and a bounce from the green trendline for opportunities .
Latest posts by Horatio Dubsly (see all)
- Silver – This weeks shining star, as predicted by ForexFlow - July 19, 2019
- 新年快乐 财源滚滚 大吉大利 A Happy wealthy healthy New Year to all our Chinese friends - February 4, 2019
- Gold and Silver – Glittering prizes? - January 28, 2019