SILVER + GOLD CHOCH 2 BEARISH
Silver and Gold have changed technical to bearish.
Silver still shows high LONG for COT data but it did a Choch on 4Hr and producing LL.
I dissect a short potential trade on Silver for 13RR with -2R which is still a net +11RR.
Gold had a nice set up for short due to Liquidity Sweep on the L and retraced to 50% premium and had a Choch on smaller 5/15 min TF.
Target for Short = LL.
Silver = Hit TP
Gold = Still in progress...
Silver still shows high LONG for COT data but it did a Choch on 4Hr and producing LL.
I dissect a short potential trade on Silver for 13RR with -2R which is still a net +11RR.
Gold had a nice set up for short due to Liquidity Sweep on the L and retraced to 50% premium and had a Choch on smaller 5/15 min TF.
Target for Short = LL.
Silver = Hit TP
Gold = Still in progress...