XAGUSD. Weekly trading levels 13 - 17.05.2024

We continue the experiment with a wider range of zones. Let's see if we can guess the places to search for deals for the week ahead.

During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. The next morning I adjust the levels based on the new data and publish a new post.

The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)

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Levels are drawn based on volumes and data from CME. Used as areas of interest for trade. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat.
Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to enter into a continuation of the movement. Until the price has drawn a reversal pattern.


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Trade active:

The day passed sideways, we continue to observe

Comment:

We buried ourselves in the zone in the evening. It was possible to try selling after returning below the level.

Trade active:

At night and in the morning we moved in a zone with uncertainty. After which, filling the FVG, they ran away with impulses after Gold.

Trade active:

Silver did everything well, even gave the opportunity to jump after the news.

Trade active:

Silver seems to have gathered higher. You can take historical highs as targets for purchases. Above there is a very long history, and looking for data on volumes in the 2011-2012 region is so-so.

Trade active:

Trade active:

great week