My dear followers , I analysed this chart on XAGUSD, and concluded the following: The instrument tests an important psychological level 24.026 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Target - 23.254 Recommended Stop Loss -...
Preferred direction: SELL Comment: Metals today are going through a difficult time. Due to the small bull market, the metal is not in demand. Based on the volumes and technical analysis, it can be seen that the instrument is also in the local authority of the seller. The downward movement is likely to continue, at least to the level of 1938.915. This support...
The correction is far from complete. The chart below indicates a scenario with flat which, however, is easily interchangeable with a more complex wxy combination going sideways. The bigger picture remains unchanged since the last update on May 27. While I agree with gold bulls that the trend is up, I still see the next 6-8 months as extremely challenging for...
I expect the correction to continue just as with gold. Keep in mind the big picture.
My dear followers , I analysed this chart on XAGUSD, and concluded the following: The asset is approaching an important pivot point 23.944 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 23.222 Safe Stop Loss - 24.357 About Used...
H4 - Bearish trend pattern followed by a double wave correction. Price respected a strong resistance zone and bounced lower. Price has currently broken below the most recent uptrend line. H1 - Bearish trend pattern. No opposite evidences. Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Hello,Traders! SILVER is about to Retest a support cluster Of the rising and horizontal Support line at around 23.8$ So despite my mixed bias on Silver I think we might see A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Here is my detailed structure analysis for Silver. Support 1: 23.84 - 24.06 area Support 2: 23.25 - 23.44 area Support 3: 22.67 - 22.73 area Resistance 1: 24.28 - 24.88 area Resistance 2: 26.04 - 26.13 area Consider these structures for pullback/breakout trading this week. ❤️Please, support my work with like, thank you!❤️
✅SILVER is going down now Just as I predicted yesterday Adn the price is about to hit A demand area from where I think we will see a strong Move up towards the target Around the 24.4$ area LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello Guys, As we can see this pair has buy-side liquidity to hunt on its way to the weekly FVG. Also, since I expect a bearish move on the dollar index, it simply gives more conviction in this rally. I also did an analysis on this pair last week which played out as speculated. Follow for more updates. See my previous XAGUSD analysis XAGUSD See this...
✅SILVER will be retesting a resistance level soon at 24.68$ From where I am expecting a bearish reaction With the price going down but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Last time we analysed Silver, we identified that we were in a new bullish phase. A bullish wave consists of 5 waves. Waves 1, 3 and 5 are impulse waves and wave 2 and 4 are corrective waves. We are now in wave 2 of the bullish impulse, which is a correction. The correction we're getting is a 535 correction, which is also known as a zigzag. Wave A has 5 waves,...
Hello Everyone! I want share my idea of XAGUSD. Couple week ago we saw Silver big and strong Bearish moving which was actually impacted by tested YTD HIGH at 26.00$, here traders took their profits after massive and long bullish trend. At the moment we have interesting picture, after big drop, price start again uptrend, on high timeframe for example 1D...
Silver is having Resistance on H1 and M15 tendline and also H1 resistance so its a Sell signal we will go sell in this commodity
-Trend = uptrend -Price reacting off of supply -Price reacting off of resistance -Any shorts will be counter-trend and requires some sort of confirmation + smaller risk + quicker trade management.
Looking for a entry between 24.4 and 24.8 zone. 1:10 Risk to reward ratio.