MY FULL TRADING PLAN ON THIS CHART π π
Bias: BEARISH for pullback, but overall bullish long-term. This is a counter-trend scalp short.
Entry: 63.950 - 64.300 (inside blue box) Wait for 15m/1h bearish engulfing or wick rejection. Don't market sell now.
Stop Loss:64.650 - 64.800 above blue box and above the last high. Silver is volatile, give it 30-40 cents room.
Take Profit:
- TP1: 63.300 (secure 50% - intraday low)
- TP2: 62.200 (your arrow target - main target)
- TP3: 60.90 if momentum strong
RR: Entry 64.20, SL 64.70 = 50 cents risk. TP 62.20 = 200 cents profit. That's 1:4 RR.