faylee
Long

Silver -D, will break out 16.2 tonight!

FX:XAGUSD   Silver/U.S. Dollar
370 21 7
8 months ago
Just holding long positions,and wait!
7 months ago
Trade active: just by at 16.1, and a new high can be expected today
7 months ago
Comment: a new high for 16.382, approach to our goal:16.4. Get ready to close the trade or reduce some positions.
7 months ago
Comment: 17.48 is an important resistance in this week, can pocket some of the profit, and wait for next week retracement.
bracken
8 months ago
I'm impressed. You are good!
Reply
faylee bracken
8 months ago
Thank you:)
Reply
AdrianM
8 months ago
Short term I see you're a bit bearish DXY; but longer term bullish (there is a bullish bat on that chart) which means SLV, GLD should start falling since the USD is getting stronger. How could we also factor this when looking at the silver chart above? Does the pattern still hold?
Reply
faylee AdrianM
8 months ago
DXY bullish bat was unconfirmed yet! On week chart, There maybe A Double Top, but still not yet confirmed.
Silver long term bullish bat could be confirmed since after several retracement, it didn't fall below 14.5.
Reply
AdrianM faylee
8 months ago
Thanks! Nicecharts BTW!
Reply
senejani.ali
7 months ago
snapshot


Hi, thank you for your post.
Attached is my analysis which is very close to yours. I prefer to buy on the bounce from the trend line.
Reply
faylee senejani.ali
7 months ago
Agreed with yours. But switch to 1h time frame, it has retraced 38.2%, today new high can be expected.
Reply
senejani.ali faylee
7 months ago
Yes, it retraced nicely.
Reply
senejani.ali senejani.ali
7 months ago
snapshot


Dollar Index dropped today but Silver instead of going up, it came down. Any thoughts? Also where is your SL?
Reply
faylee senejani.ali
7 months ago
WTI oil went down today, may affect commodity index, so do silver. I expected silver a new high 16.4 around, ready to close the long position.
long term view is still long. but wait till retrace.
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senejani.ali faylee
7 months ago
Thanks.
Reply
faylee senejani.ali
7 months ago
You're welcome
Reply
DownUnder
7 months ago
great work, I think R2 reached also... now what is next target, back down for correction..or continue rocket
+1 Reply
senejani.ali DownUnder
7 months ago
I will take portion of my profit off and let the rest run till 17.661. And I will wait for a pullback to 4th wave then I will buy again.
Let's see what the expert advises us...
Reply
faylee senejani.ali
7 months ago
Me too, i've just pocket the profit at 17.17
+1 Reply
DownUnder senejani.ali
7 months ago
Ali, your pullback to 4th wave, is it around 16.90 (this hit now)... for buy again and ride up to 17.66, thanks
Reply
senejani.ali DownUnder
7 months ago
Hey. I was talking about the bigger wave. For now I will stay away as i closed most of my lots and will wait for a retracement sometime next week.
Reply
faylee DownUnder
7 months ago
17.48 is an important resistance in this week, i've already pocket the profit at 17.17,wait for retracement in next week .
+1 Reply
senejani.ali
7 months ago
EW and Faylee both rock... Silver nailed it :D
+1 Reply
faylee senejani.ali
7 months ago
good luck with your daily trading:)
+1 Reply
DownUnder
7 months ago
Very Interesting situation now, back up to higher highs, or down an out. ?
Reply
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