DLavrov
Long

Silver - Possible Buy Signal

OANDA:XAGUSD   Silver / U.S. Dollar
The price bounced from the uptrend line and it's going to move above the cloud. If so, we will be able to get a new buy signal. If the price breaks the local downtrend line and moves above 15.36 resistance level , it will confirm that the market will move upward. Pending orders for buy can be placed above this key resistance with stop orders below the uptrend line. Profit targets should be placed at resistance levels.
Trade closed: target reached: Very nice)
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You simply NAILED. Man! Congrats, master.
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Really nice!
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Th monthly chart looks worrying. Just make sure it's Silver you can touch rather than spot silver, if you're using it to insurance yourself against finacial armagendon.

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DLavrov without_worries
@without_worries, thanks for the comment! Yes, it looks worrying based on the monthly timeframe, but the daily looks bulish.
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Thx Dmi i agree with you

The only thing that concern me now is this big engulfing bearish candle and that huge pin bearish bar before

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DLavrov MarcelMartins
@MarcelMartins, hi, thanks for the comment)
You are right, we got an amazing reversal candle. But the market has made the downward movement already and we have a support line. That's why the reversal with further upward movement also can be a workable variant.
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