Silver Short

Silver is below all longer term Moving Averages and has a bearish bias .

A short trade is on chart

1. Entry - retracement of latest swing down.

2. Stop - outside multiple resistance structures ( River, Swing High and Monthly Key Level, 100 MAV )

3. Target - break of Demand Zone and formation of new lower low ( Fib 1.27 extension)

RR = 3.
FibonacciSupply and Demand

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