Silver Daily Demand Zone buying opportunity

3 set

Silver is approaching a daily demand zone at the .618 fib level. Wait for confirmation with whatever strategy you use. If you want a better R/R, I would wait for price to enter the demand zone and switch to the 1HR time frame and wait for a break of structure to the upside to go long. Note that the entry price and stop loss will be different from the one on this chart if you decide to do this. If price starts going in your favor a good amount, move your stop loss to break even or trail it. Remember we're trying to protect and grow are capital.