Price has just confirmed completion of the WXY zigazag with a bear impulsive move. This is just confirmation that we'll push towards $15.00, we don't yet have an entry to go short. A safe way to take short entries is to allow price to correct below the structure. Trade well and always apply risk management to protect you capital.
In the name of Allah, the Most Gracious, the Most Merciful.
SILVER MAY DUMP MORE.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot...
Like Gold, Silver is still in the midst of a down trend. We've had a 3 wave pullback in the past couple of sessions and price seems to have setup for a short trade. There's always the possibility that this corrective structure may form into a double correction. Wait for clear confirmation before looking for any sell opportunities.
XAGUSD We have silver on a little consolidation zone after one of the biggest drops this year.....it seams like its maintaining under the fib 38.2% right on a demand Zone...we have some good volume on the bullish candles....what indicates me that the institutional traders probably getting ready to push the price up.... or maybe they just want us to believe that so...
ANALYSIS ON XAGUSD (Silverdusd)
Welcome to my analysis
Interesting Point of interest In the XAGUSD pair.
- Price below 100/200 day EMA.
- Buy reversal.
- Expecting more Upward momentum.
- Watch 17.07500 - 17.43000 for take profit.
- MACD showing bullish divergence
It does seems like we're making some sort of bear flag or a continuation pattern for sell. Selling the breakout wouldn't be a bad idea.
Go ahead and check the related ideas below mine and you'll find previous analysis on XAGUSD.
Good luck and trade with care.
Silver is following a descending channel and just bounced from the channel resistance. The price also broke a support level and has retested it. I predict the price is highly likely to move further downwards.
Share your views of the pair in the comment section and like if you agree with the idea.
"In the name of Allah, the Most Gracious, the Most Merciful".
XAGUSD Possibility of Next Move.
Note: This is only for Educational Purpose this is not Investment advice.
"Pain is silence"
Gold and silver prices are sharply lower in midday U.S. trading Monday. Gold notched a seven-week low and silver prices hit a five-week low. A strong U.S. dollar index that hit a new high for the year on Monday is credited with putting much of the downside pressure on the precious metals today. Better risk appetite in the market place early this week is also...
Price below 21 EMA is considered to be the beginning of a downtrend , also as per the charts price has been rejected after hitting the Resistance
Note:- Do analyze the chart before opening a short position!!!
Asset: XAGUSD ( SILVER )
Sell Stop Entry Price:19.00
Take Profit: 14.00
Stop Loss: 20.00(we will reduce the stop loss points once positions will be more favorable)
We are taking all the profit($2000) out of the table from our silver position however keep in mind we are still heavily bearish for the...