🔺Silver’s bullish momentum is faltering as its price struggles to hold strength around key resistance levels. This current structure suggests sellers could regain control if buyers fail to reclaim recent highs. Based on the recent high and the area where price has rejected, a possible bearish trend continuation is plausible. This would push the price to fill the remaining FVG area left behind due to bullish impulse.

🔺From a liquidity perspective, the market might sweep nearby buy-side liquidity before initiating a bearish expansion. This is why we have a secondary view. It clearly indicates that if bullish impulse is extended and most of the buy-side liquidity is taken out, we should wait for price to show some strong characteristics before entering the market. Also, please use smaller timeframes when taking any sell entry.

🔺There are two areas sellers can target. The first is at $60. Setting a take profit there is safe and secure. Once we achieve that, closing the 50% position and moving our take profit to $56 is recommended. If you agree with our idea, like, comment and follow for more trading setups.

Kind Regards,

The SetupsFX_ Team ❤️🏆