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...
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.
FX:XAGUSD Safe Trades ;)
Yes, that's a confusing title. This is a potential shorter-term long play. On the 1H chart, XAGUSD is at an interesting level. The horizontal blue line indicates the previous swing low and it clearly acts as a support level that seems to hold. We can see a relatively nice downtrend with multiple swings, while the trend is now in the overextended territory as well...
Having broken the 50% retracement, silver is likely to march onwards in pace with gold. Longer term sentiment is bullish with stocks in silver producers Coeur D Alene Mines (CDE), Silver Wheaton (SLW) and Hecla Mining (HL) have gained roughly 90% in the last 3 months
FX:XAGUSD Safe Trades;
We are about to start a long term silver rally where silver could hit near 100 or higher.
FX:XAGUSD Safe Trades;
big move about to happen? I don't understand the fundamentals behind it. i only trade price action so if someone who agrees (or disagrees) could comment down below on the possible fundamentals that could cause this move let me know. #one year in the game
I will be looking for buy opportunities once/if price moves into the blue box