Weekly Price Action Setups & Key Levels | Aug 14-19

silver price action 2ndskiesforex

My current active open trades: GBPUSD, EURGBP, NZDCAD, AUDUSD (option)

Silver – Key Large Corrective Structure Support Below, Bullish Bias (4hr chart)
True to form as we’ve talked about in our latest commentaries, silver has been stuck inside a large corrective structure for almost 1.5 mos between 19.25 and 21.

I’m maintaining my bullish bias ST while we are inside this structure. We are currently approaching a key corrective structure support level around 19.25 so this will be a major test for the bulls.

If this holds, then I’m suspecting a bounce towards 20.50 is in order.

GBPUSD – Approaching Yearly Lows, Expecting Structure to Hold (daily chart)
Post brexit the price action in the pound has been stuck in …

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