Setting up a long Silver position on the Daily Chart bouncing off previous resistance. If the Daily candle closes bullish this is a good trade to be in for a couple days. Divergence in RSI and previous days of upward momentum with other commodities play as additional confirmation to enter long for the retracement set-up. Likes, comments, and follows are always...
Silver heavily rejected the 15.5 price level this week, could be the end ofa correction at those low levels which could send prices higher in the coming months. www.youtube.com
Hey all, I think my count is correct.. I don't know what was that spike down I have it at a wave C corrective - but volume says it was a genuine sell.. We are back in that triangle looking structure... Long only when price breaks that purple trendline convincingly... Short everything else.. (I am leaning towards shorts at the moment if it was a day trade...
I think silver may be in the C leg of a wave 2 on the weekly chart. Looking bullish perhaps in the next few month / end of the year. Anyone got simular ideas?
Silver may have completed a substantial correction (ABC) pattern. A weekly completed corrective flag may confirm the start of substantial gains for silver. Watch this space.
Silver trading around 17.1 where Strong Support seems around 16.9 level as if hold above 16.9 we can see a jump toward 17.65-17.8 Advice to buy for 17.7 SL 16.7
Freshly trading its prices right in-between the 8, 21 EMA and 200 SMA, the XAGUSD (Silver) decidedly formed a bullish fakey pin bar suggesting for the continuation of prices higher. This is a strong signal I'm willing to enter on. despite my ongoing trade.
For the previous days, Silver (XAGUSD) has been on consolidation mode, and pushed towards the highs of the inside bar despite the good number of US' GDP. Along the levels where XAGUSD currently is is a messy chart. However, as seen on my 1-hour chart, the commodity is clearly above an ascending channel. Breakage of this channel will only result to few higher...
15 Min Trade Plan: a) 5 Elliott waves completed and ready for ABC correction. b) Oscillator and RSI pointing downwards c) Buy @16.90 with TP=17.50
Silver seems strong support around 16.3 level if hold above we can see a jump toward 17.2-17.5 level advice to buy in range of 16.7-16.4 sl 16.2 TP 17.2-17.5
Silver is bottoming at S3 Fib Monthly pivot point, now above 200 SMA on 1H chart. Can form a double bottom too.
It seems that silver has come to an old resistance. I've been watching its descent for a long time waiting for this crucial point to come and now that the resistance has not been overcome it's time to get into action. I see a good chance so I opened my long position on xagusd
The rebound is initiated by three times on the levels 1623/1621 Trade initiated . Entry 1631 / SL 1610 / TP 1679 Size : 0.1 Lot ( 5 USD/ Pip) Good trades for all NB : I 'm a trainee , so all your remarks and comments are welcome
Silver on the daily time frame is now at a resistance, with Stoch Rsi showing that the selling pressure is fading and Adx shows that the bearish trend is also fading (bearish line makes crossover downwards with the trend strength line). This means that after selling Silver from 17.900 (which I published a week ago) it's now time to look for a buy entry. How to...
After 10 days down Silver is very oversold here while gold can still hold above 1260 USD. Get ready for a bounce towards the 50MA/200MA around 18.00 USD. After a bounce the consolidation could continue until the summer.