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
How about H1 pin bar + three drives + ABCD => 15.45?
Reply
We have lift off. Next targets T1 $17.25 T2 $17.80 ?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out