TRADE OF THE WEEK | Classic Trend Line Breakout Trade💰
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Hey traders,
For a quite long period of time, Silver was nicely respecting a major falling trend line on a daily.
The price perfectly set lowers highs approaching that.
The war brought anxiety into the market making the investors rebalance their portfolios.
It triggered a strong bullish reaction and the market violated the trend line to the upside.
On a retest, I was looking for buying opportunities.
My confirmation was a double bottom formation on intraday time frames.
I bought the market on a retest of a broken neckline.
My target was a local structure high.
Great winner and nice profit!
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Nota
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