anthony.pham00

XAGUSD - My attention now turns to Silver

Long
FX:XAGUSD   Silver / U.S. Dollar
4

For a longer term swing position, the following set of criteria must complete before I decide to enter the trade.
For this example, I'm only showing the daily chart. For more precise entry and/or targets you can drill into the lower timeframes to pinpoint your price levels.

1. Advanced Pattern
2. Harmonic AB=CD
3. RSI = Oversold
4. Bullish Divergence
5. Fibonacci Ratio Confluence & HTF Analysis
6. Minor/Major Structure Levels (If trading on the 4HR time frame, then major structure as shown around the 15.5)
area.
7. Some test of structure (Double Bottom or Top)

Cheers
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.