Forex Trading Library

Trade of the Day – Silver – 14.40 confluence area

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Silver – Intraday – We look to Sell at 14.70 (stop at 14.80)

Largest net daily losses in 11 days. Previous support level of 14.56 broken. We have a 78.6% Fibonacci pullback level of 14.40 from 13.90 to 16.20. The AB=CD formation target is located at 14.40. Preferred trade is to sell into rallies.

Our profit targets will be 14.40 and 14.30

Resistance: 14.70 / 14.85 / 15.07
Support: 14.40 / 14.00 / 13.90

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