Hello guys,
Silver is sitting in an interesting decision zone.
After printing a double bottom around 55.65, price started to regain momentum to the upside. That low is important because sellers had multiple chances to continue lower, but price stopped accepting below that zone.
Now we are seeing a cleaner structure.
Price bounced from the lows, then came back to retest the previous FVG zone formed during the reversal leg. For me, that retest is important. I don’t want to chase the first bounce. I want to see if the market can come back into the imbalance, hold it, and start building continuation from there.
There is also extra context from market profile.
We have a 1D NPOC nearby and single prints from the TPO chart, which makes this area a real decision zone instead of a random support level.
The key confirmation now is the VWAP cluster.
Price still needs to break and hold above the WTD VWAP and MTD VWAP, which are sitting close together. When multiple VWAPs cluster in the same area, that zone often becomes a major decision level. A reclaim above that cluster would show buyers gaining control and strengthen the long setup.
The trade idea:
Entry: 60.32
Stop: 58.43
Target: 68.25
RR: 4.2R
Target around 68.25 is the bigger confluence zone, where we have the Daily 50 EMA, Daily 200 EMA, and delta profile imbalances.
The setup is simple:
Double bottom at 55.65
Momentum shift to the upside
Retest of previous FVG
1D NPOC + TPO single prints nearby
WTD + MTD VWAP cluster as confirmation
Targeting the 68.25 confluence zone
Invalidation is below the FVG at 58.43.
All the best,
Silver is sitting in an interesting decision zone.
After printing a double bottom around 55.65, price started to regain momentum to the upside. That low is important because sellers had multiple chances to continue lower, but price stopped accepting below that zone.
Now we are seeing a cleaner structure.
Price bounced from the lows, then came back to retest the previous FVG zone formed during the reversal leg. For me, that retest is important. I don’t want to chase the first bounce. I want to see if the market can come back into the imbalance, hold it, and start building continuation from there.
There is also extra context from market profile.
We have a 1D NPOC nearby and single prints from the TPO chart, which makes this area a real decision zone instead of a random support level.
The key confirmation now is the VWAP cluster.
Price still needs to break and hold above the WTD VWAP and MTD VWAP, which are sitting close together. When multiple VWAPs cluster in the same area, that zone often becomes a major decision level. A reclaim above that cluster would show buyers gaining control and strengthen the long setup.
The trade idea:
Entry: 60.32
Stop: 58.43
Target: 68.25
RR: 4.2R
Target around 68.25 is the bigger confluence zone, where we have the Daily 50 EMA, Daily 200 EMA, and delta profile imbalances.
The setup is simple:
Double bottom at 55.65
Momentum shift to the upside
Retest of previous FVG
1D NPOC + TPO single prints nearby
WTD + MTD VWAP cluster as confirmation
Targeting the 68.25 confluence zone
Invalidation is below the FVG at 58.43.
All the best,
@TurttleTrader | AlphaShell Pro Suite.
A professional-grade indicator for TradingView
Access: alphashelltrading.com
A professional-grade indicator for TradingView
Access: alphashelltrading.com
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
@TurttleTrader | AlphaShell Pro Suite.
A professional-grade indicator for TradingView
Access: alphashelltrading.com
A professional-grade indicator for TradingView
Access: alphashelltrading.com
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.