If Silver breaks 18.186, Chances are it will be a good Short position. Ration 2.79%. but keep an eye on because of US Election today.
short is more preferable based on current chart
Long, take @ your own risk good R:R in my opinion and shorts are now extended, this is a short term trade I am looking to enter during the asian session, as long as prices remain above 50% fib before the asian sesh i will be looking to go long around those levels. if your an aggressive trader you can enter @ current levels. But do so @ 30% of your regular lot...
XAGUSD is almost ready for another drop to make wave (Y) which targets 18. For more safe entry, sell the breakdown of the lower band of the triangle.
One more wave down to complete pattern.
FX_IDC:XAGUSD Shark printed at 241% extension, now fighting back at 224% also the 50% pullback. For those who are not inside this one, wait for structure breakout correction before jump in. AB=CD will be printed above the 38%, and there, one opportunity to close half position size and to move stops to break even. Safe Trades; open.spotify.com
XAGUSD retracement to 19.45-19.1 area, then north to broke long time support of $21
XAGUSD is in a possible 4th wave in an impulse Elliott wave series. This correction has potentially run its course indicated by the high level RSI. I will watch for the correction to either continue to the upside or begin the 5th wave and immediately retrace down to the 1st trend line. If it is indeed in an impulse Elliot wave, then it should continue its decline...
May do 0.618 fib from impulse, Wedge break. 1:4 RR
Found some repeating fractals in this medium-long term uptrend of Silver As you can notice we have a repetition of fractals based on Fib levels. Every short-term uptrend happens after a retracement to 61.8% levels are reached. I expect a move towards 18.000/18.250 range area (or even lower if short term trend confirms itself) before a new massive uptrend. As...
Silver seems Strong Resistance around 19 level Advice to sell in range of 18.65-19 with sl 19.3 where TP1 18.2 and tp2 17.8
Good morning traders, Silver broke 2 trend lines and my bias is bearish if price holds below 20 . If the formation of Wolfe Pattern is accurate, we should see a drop till 16 area. You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t...