Silver Bullish RSI Divergence 4H Chart

28 apr 2023

I'm seeing a bullish RSI divergence coupled with a descending triangle on the 4H silver chart. I see a similar setup 5 times in the past year and each time the price went up. Am I seeing this correctly?

28 apr 2023

Trade attivo

1 mag 2023

Trade chiuso: obiettivo raggiunto

Trade opened upon break and close of upper trendline at 25.285.

TP of 25.99 (142 pips) based on prior moves with similar setup before first pullback.

SL of 25.17 based on prior pattern failure when there's a candle close below the upper trendline.

RR 6.13.

Lovely trade that I'll be taking every time moving forward.