Silver Is Getting Ready For A Range Breakout

Silver is ranging between weekly camarilla pivot points. We should see a breakout possibly after the NFP.

Two blue lines represent the range where the silver is moving now. We have 2 breakout points.

Bullish breakout above 26.60 will target 27.79. If we see a breakout below 25.50 get ready for 24.60. We should see it possibly after the NFP tomorrow. Look for breakout-retest patterns.

(Click on image to enlarge)


Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.