short Silver – sell, when everyone is bullish (but charts not)

22 มี.ค. 2016

Trading setup: sell limit @15.95 , Risk-Reward = 3.00
SL@ 16.45 (-50), TP@ 14.45 (+150)
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- as most people are very bullish about silver and gold right now and most media (tv, newspaper, online) are writting about how good of investment it would be, I believe more realistic chance is on the downside

- short position opened today in the morning at 15.95 $

- there is a possibility of a double top (with Oct'2015 highs) and a strong divergence on MACD (not in chart)
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Disclaimer: There is a very high degree of risk involved in trading forex , trading on margin and trading at all. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.