I was planning to post an image shortly after I entered this position around four hours ago, but then I totally forgot all about it... My rationale for making the trade was that the numbers said silver has had a bullish day-to-day bias ever since June 27th, and that if the metal intended to continue this sentiment, it ought to climb higher from its recent local minimum down around 29.314. It fell just a little short of hitting my take-profit target an hour or so ago, so I was going pocket the profit still available, except now I'm going to have to wait until the market is open again before I can do so.
It turns out that silver hit my target anyway, 20 minutes after the next 24-hour market cycle got started...
#GC Short The downward movement(short position on EU session) ended with the EnR Situation. Then pullback with inexpressive Demand. In premarket, first Attempt form Sellers. After the market opens Effort no Result situation from Buyers.
In the EU session there was Supply more than Demand. At 7:30 was the news. The price made a rapid downward movement, then ran upstairs. Demand has increased sharply. Easy movement.
#GC Short Algo trade. Growth after news - gradual drying up of Demand with rising prices - buying climax - supply
#GC Short Uptrend. Demand is dried up, Highs updates. Supply is increasing. #GC Long reverse short. Demand remains level.