Yesterday I've argued that Silver can drop hard if it breaks the flag pattern. After the spike on FOMC XagUsd has dropped again, giving us a clear signal that the pressure is on the sell-side and at this moment is trading at 22.60, exactly above the horizontal short-term support and the ascending trend line of the flag. I maintain my bearish outlook and I'm...
Hi Guys, XAGUSD Silver is completing a correction and it seems like it will make an impulse to the downside. Watch it closely. Trade with care !
For the silver price, the bearish scenario is continuing, and we are expecting the price to fall under $21.81. However, there is a small chance of 20% that the course comes back and increases above $26.09. Short, short!
In yesterday's comment, I said that Silver is weaker than Gold and bulls don't have power. As we can see from the H1 chart, the rise from the recent low is very anemic and is drawing a bearish flag. I expect a break down for silver and short term traders can target 21 zone for a more than 1:3 R:R
Unlike Gold, Silver is weaker and the price couldn't correct the drop, instead consolidated in a tight range. At this moment the price is exactly in a strong support zone and considering the incapacity of correcting, I expect a break and a hard fall for XagUsd My target is 19 and only Silver back above 23 would negate this bearish scenario
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SNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS...
Hello Welcome to this analysis about SILVER , we are looking at daily timeframe perspectives. SILVER in recent times heavily decreased with bearishness however it now moved into an oversold condition. SILVER is developing here that will be a decisive factor in the upcoming times. I discovered the main formation SILVER is developing here that will be a decisive...
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SILVER 1H time frame Short position Short position on silver with obviously some bumps in between which i will be doing future trade analysis's on so make sure to check them out when uploaded. TP1 : 23.684 TP2 : 23.518 If you like my analysis and brief give it a thumbs up. If you have any questions please feel free to leave a comment below or send me a...
Extended wave 3, Retracement then a projected move down.
Chances are good that the silver price will still increase a little bit further and approach an area just below $25.50. With this move, the orange wave number iv should be completed, and the market should be able to continue its journey to territories below $20. Bears ahead!
Hello Welcome to this analysis about SILVER , we are looking at daily timeframe perspectives. SILVER is developing here that will be a decisive factor in the upcoming times. I discovered the main formation SILVER is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how SILVER has emerged...
When price goes down under redline - all we can short in note - be smarter than because that's a huge trap from last week
Silver, like gold, failed to break through the trendline level. If the price breaks through the 23.44 mark, it may be possible to short once more. targeting 21.8 and 21.4 My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. happy trading to all
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The XAGUSD price has broken out and dropped from 25.96 to 22.08 in the last couple of days near a 14% drop in price, the Market was trending in a downward channel but it...
Unlike Gold, Silver corrected the steep Monday's drop in the same day, and confirmed old support as resistance. In the past days the price consolidated in a range and a new drop is probable at this point. I will look to sell rallies and only a close above resistance would change my bearish opinion
As we see that the price is in the resistance range, we are currently waiting for the break of one of the levels and then we decide to buy or sell.