Potential long here, however strong bears currently so could well break through and head towards 16 port of area.
FX:XAGUSD Safe Trade;
Small Trade on silver bottom trend line has been tested and held on the daily chart looking for a target at the top trend line, will hold position open if trend line is broken. Very simple trade no fancy stuff on this one SL tight below bottom trend line. Trade is just over 3-1 RRR.
BULLISH SIGNAL FOR METALS 17:00 Today: Chances of a rate hike at the Fed's next meeting immediately slumped after news of Brainard's speech broke. Traders now anticipate just a 15 percent probability, down from 21 percent before the speech and as high as 30 percent Friday.
XAGUSD (Silver/ US Dollar) it's struggling in a monthly resistance at this moment, overall this pair has been bullish since 2010 so I would like to see it breaking out that resistance, re-testing it and then continuing its' bullish trend. We'll see what happens. Any comments?
Ok I think XAGUSD is going even more up than it already have gone so far. First of all, that inverted head and shoulders which later confirmed a bullish scenario strong enough to return and break into the previous uptrend, so if does a re-test in which I'm expecting to see a morning star then I'd say is a BUY. Any comments?
FX_IDC:XAGUSD Safe Trades; Smell the Roses - open.spotify.com
waiting for it to move out of the downtrends channel, but if does I'm in long...
Silver was in a corrective 4th wave triangle and it just finished today. The 5th wave should take us up all the way to around 22.100 . If you want to be on the safer side, wait till silver breaks the upper side of the triangle then place your trade. Buy 19.670 SL 19.472 TP 22.100 Good Luck
Crossing 288 on 5 Min Chart with Copper, Bouncing from lower channel, getting above buy trendline, showing some green volumes, RR is good
Based on previous structure, and unchanged fundamentals, I am going long on silver for the next week. TP = 20.4 SL = 19.4 R/W Ratio = 1.87 Sharing my view :)
The SOLID GREEN LINE will provide a historical support for SILVER. But also if you see the SOLID BALCK LINE around $30 may act as a resistance line. Also the DOTTED GREEN AND RED line is a possible channel trading in coming days/months. Silver is a overall BUY for next few months.
Im Currently in as a short looking to buy. shorted at 20.2 looking for it to touch 18.6 it is in need of a retrace. i will buy straight. keep you updated in a weeks time
*23.000 *26.000 IF BREAK WILL 3.TARGET 35.000 , XAGUSD MONTHLY CHART SHOW SPDR SILVER FUND CAN SELL FROM 35.000 ..... LOOK LIKE IMPOSSIBLE RIGHT ? SO THERE IS POSSIBILITY FOR REALIZATION....