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FxWirePro: Silver forms Bullish Cypher Pattern, good to buy at dips

Friday, November 6, 2015 6:11 AM UTC

Harmonic Pattern Formed- Bullish Cypher Pattern

Potential Reversal Zone (PRZ)- $14.70

Any break below $14.70 will take the pair till $14.30/$ weakness only below $13.96 level.
On the higher side minor resistance is around $15.10 and break above targets $15.50/$15.80/$16.
Markets wait US Nonfarm payroll which is to be released today for further direction. Market except jobs addition of 180k compared to 143k previous month.

It is good to buy at dips around $15.70-75 with SL around $15.35 for the TP of $16

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FxWirePro: Silver forms Bullish Cypher Pattern, good to buy at dips

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