Silver Trend is down.
Selling will be good option..but @ which point?
To minimize risk and maximise profit, We need to sell at S/R levels, so that if trade goes wrong, we are out of trade with less loss..if trade goes then we can get reasonble profits.
today Piovt is around 51400 ( didn't get a chance to sell at this place)
Support 1 is at 51090 ( missed to short at this place)
Now if we short, we need to place SL above S1 51090+100 points
but target is only 50730 (support 2) ..
Risk and reward is not much favour right now..
if any one is trading in Mini lot with more than 2 lots at a time..sell 1 lot at 50950 another one at 51050 if you get it there..
i am not entering any trade here..and going office now..will be back in evening..
Happy trading ...