SCENARIOS OF HOW I WILL BE LOOKING TO TRADE SILVER THIS WEEK
BUY 33900 PULLBACK TARGETING 37400
BUY THE PULLBACK TO 2040 LEVEL ADD TO LONG ONE TRENDLINE BREAKOUT TP 2456
GOLD IS COMING INTO STRONG WEEKLY SUPPORT, AFTER A PRETTY STEEP SELLOFF, AT A MINIMUM A CORRECTIVE BOUNCE SHOULD HAPPEN
SELL 1H BEAR FLAG BREAK TARGETING DAILY SWING LOW TAKE PARTIAL PROFITS AT EACH LEVEL TP1.6965 TP2.6943 TP3.6925
BUY 4H CHANNEL BREAKOUT WAIT FOR CANDLE TO CLOSE TARGETING .8640 AS TP1 .8670 AS TP2
INTERESTED IN A BUY SETUP ON BREAK OF BEAR CHANNEL WAIT FOR 1H CANDLE TO CLOSE PREFERABLY AROUND LONDON OPEN
look for a reaction on the lower trendline to get long.
IF BULLISH CHANNEL HOLDS SUPPORT AND THEN WE SEE A TREND LINE BULLISH BREAKOUT WE GO LONG
Trades for major crypto pairs including Bitcoin, ETH, DOGE, ADA, LINK, BNB, XRP.
GOLD IS COMING INTO SOME HEAVY, HEAVY SUPPORT WHICH SHOULD ALLOW YOU TO GET LONG FOR THE NEXT MAJOR LEG UP !
GOLD IS LIKELY TO START BOUNCING AROUDN THE TREND LINE AREA WHICH IS SUPPORTED BY MASSIVE VOLUME TRADED THERE PREVIOUSLY AND LIKELY PLAYERS WHO TOOK THE PRICE UP FROM THE LAST DOUBLE BOTTOM (SAME AREA) WONT EASILY BE PUSHED THROUGH BY THE SHORTS. A BOUNCE FROM TRENDLINE IS THUS MORE LIKELY THAN A PUNCH THROUGH.
GOLD bird's eye view of where are the risks and possibilities.
Bitcoin is approaching major support so did ETH and IM sharing my thoughts on how to manage the existing trades, when to take profits, how to take partial profits and have runners on in case we punch through the 30K level and why I think there is a high probability that we will punch through the level this time around.
STAY SHORT IF YOU ARE SHORT YOU ARE AT POINT OF CONTROL NOW MEAN SMACK IN THE MIDDLE OF BALANCED RANGE - DO NOT INITIATE NEW TRADES HERE.
OUR ETH SHORT IS STILL WORK INTACT UNTIL WE HAVE A CLOSE ABOVE THE DOWN CHANNEL TRENDLINE WE STAY SHORT FOR THE TARGET AREA.
Outline of trades to come for the next week in gold and usdollar pairs.