Blog

October top held for a small profit-taking drop

SMA200 on Daily Time Frame HELD TO THE PIP, and the bounce eventually happened.

Hopefully a long term “top” is in place for a swing sell

2026 bottom held and buyers came back. We expect consolidation, and buy on dip for this pair medium term

The pair dropped hard earlier and we booked profits and will look to sell again soon for eventual 1.6050 target

SMA200 on Daily Time Frame never broke and buyers came for the target

The buyers did come after a struggle and consolidation

We initially wanted more out of this trade however settled for a small 30 pips intraday short

1.62 has started to reject, but in mid term we are looking at 1.6050

Silver may consolidate for a while however, huge buying is expected sooner or later. First trade after summer holidays was a success.