Thursday, September 5, 2013

Update on Silver Trade

Just to update the Silver trade I took previously. I trailed my stop below a H1 DZ and it got hit just now for a +0.5R. The fact that price failed to make a new high and the possibility of it forming a H4 head and shoulders now is giving cause to potential bearishness. Side note: I'll be very cautious of trading in the next two days due to ECB conference on Thurs and NFP on Fri.

Silver

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