FX.co ★ Trading idea for silver

As expected, silver traded downwards and reached $ 26. It completely followed the plan presented on March 1 and February 26. The strategy looked like this:

Plan:

The idea is to open short positions at $ 26.9 - $ 27.2 and then aim for a 61.8% or 50% retracement. Limit is placed at $ 28, then take profit as soon as the quote breaks through $ 26.

Result:

Silver is now at $ 26. To those who followed the idea above, congratulations! Have a nice day and enjoy your profit.