FxWirePro
Long

Silver faces strong resistance at $16.35, good to buy at dips

FX:XAGUSD   Silver/U.S. Dollar
257 2 7
Pattern Formed- Cup and Handle

Major Resistance- $16.35

Silver             ahs made a high of $16.35 and slightly declined from that level. It is currently trading around $16.19.

Short term trend is bullish as long as support $15.50 (Daily Kijun-Sen) holds.

Any break below Kijun-Sen will drag the commodity down till $15.13/$14.85.Overall bullish invalidation only below $14.80.

On the higher side continuation of bull trend happens only if it breaks above $16.35.Any break above $16.35 will take the commodity till $17.25/$17.75.

It is good to buy at dips around $15.85-90 with SL around $14.80 for the TP of $16.35/$17.25/$17.80
ender.genom
7 months ago
How about H1 pin bar + three drives + ABCD => 15.45?
Reply
DownUnder
7 months ago
We have lift off. Next targets T1 $17.25 T2 $17.80 ?
Reply
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