Hi traders, Due to personal health problems, I'll keep this short. I still wanted to update you with some forex analysis for the support you all shown me. DAILY CHART = LONGER TERM TRADE XAGUSD LONG: ENTRY : 16.973 SL : 16.824 TP : 18.239 Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade
Long setup for silver with negative news being released earlier today can see the pair break the .618 resistance. Once/if it does expect it too shoot up. Rising wedge put in with all the higher lows, will wait for break and possibly add to position.
Trade with martingale theory seems gambling but if you have enough margin and can adjust lot sizes, it is sure that you can buy XAGUSD from now. Trade safe, good luck !! :-) Thanks.
Silver Non-Commercial Speculator Positions: Large speculators continued to push their bullish net positions higher in the silver futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures contracts of Silver futures, traded by large...
Possible silver long setup as it approaches weekly support
Got into this a little late, so I am just watching it now. Will not be shorting. If price hits my targets I will be longing it. If price breaks support or news comes out that will make me to think price will go down more. I will wait for it to hit $15-$15.50 before longing. Patience is key in getting the right price and making sure you turn a profit. There is...
Hi guys, Here is my technical analyse for silver. I am in now for two days. Please let me know what you think of it. Leave a like and give me a follow if you like it. LFX
XAGUSD Reason for going long XAGUSD: False Break of key support zone 16.50 - 16.60 Pin Bar / Spinning top Within well established range Potential Risk/Reward > 2
Silver completed abc pattern on daily time frame Silver paused on Daily TL and then created a reversal channel formation then broke out of down channel creating an impulse move up, Price pulled back into bullish order block, cleared stops and now possible up trend in play my buy order was set 16.464 which was the bullish order block from where price broke out of...
Support above the trend line GANN. Stochastics confirmation, RSI is undervalued area. Good Risk/Reward ratio for long term position. Careful as Fib Extension 161.8 and 261.8 could lead Silver down to $15 and $13.5 levels. Daily and Weekly charts.
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires...
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...
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
Today’s trading setup is coming from the XAGUSD (Silver) market. I have spotted a daily pinbar, which has formed just above a support level of 16.500. I am looking for an intraday formation to possibly go long. A good entry point would be 16.750. Currently the price is trading slightly higher, but am looking for a candlestick confirmation. My stop loss would be...