Silver is Again in the Bullish direction due to multiple Zones

20. Apr.

Silver H1 Analysis 📈

The pair was rejecting the 31.00$ area.
But after almost many attempts it succeed ,, Closing above the 31 and gave a strong buy move.

If one bearish engulfing candle breaks the zone below . the Buying is no more valid
Now, According to the rule the market will retest the broken zone ( Red zone ) from upside direction and after that it will go up.

The target is based on the first resistance level.

One more thing , the market has trapped the buyers here
It gave a sell more abruptly and buyers without any confirmation entered the buy trades but the market manipulated.

The red zone is very important if markets holds here or make a strong support here we are going to buy otherwise we will wait

22. Apr.

Trade geschlossen: Ziel wurde erreicht