Trade idea: Pause before Rise. The technical configurations favour a rise on the market after an initial pause to buying levels.
Details: The market is upside oriented today. However, before we expect an acceleration to the upside, the market will shape an intermediate setback. We advise to play this bullish strategy when the market approaches the initial setback level at 39.72, and as long as the market does not go below 38.97. Once we see the buying level at 39.72, we then anticipate a direct rise to 42.17. Buy close to 39.72 to play a rise to 42.17. The invalidation level of this trade idea is at 38.97.
Buy SILVERSEP11
Entry: 3,972
Target: 4,217
Stop loss: 3,897
Details: The market is upside oriented today. However, before we expect an acceleration to the upside, the market will shape an intermediate setback. We advise to play this bullish strategy when the market approaches the initial setback level at 39.72, and as long as the market does not go below 38.97. Once we see the buying level at 39.72, we then anticipate a direct rise to 42.17. Buy close to 39.72 to play a rise to 42.17. The invalidation level of this trade idea is at 38.97.
Buy SILVERSEP11
Entry: 3,972
Target: 4,217
Stop loss: 3,897
