• Vasily Trader

TRADE OF THE WEEK | Classic Fibonacci Short

Hey traders,

Here is a great short trade that I caught this week on Silver.

The market reached a key daily level and I was looking for a pullback from that.

The confirmation that I was looking for was a breakout of a rising trend line .

Then, once the price broke and closed below, I set my sell limit order on a retest of that matching with 618 retracement of the last bearish leg.

Very cute winner and a rule-based trade.