Am going short on Silver after noticing a bearish breakout and retest on the 4H..... As you might notice in the chart that trend line has been highly respected in the past.....am seeing a highly probable down move from the retest.....as am not God, I want everyone to observe good risk management......we are looking for 5.75R in Tp here so risk only 1% and use a...
Silver (4H) is moving along a downward channel after liquidity grab weekly support turns resistance and price started its global drown trend. Also, the price has formed a daily head & shoulder pattern and has broken out of that reversal pattern. At the current price action, 4H, upon bearish engulfer, we may find a selling opportunity. Press the like button if...
OANDA:XAGUSD Silver ran up hard to close the week. The 10R shows the supply and demand zones as well as RSI pivot and the volume profile. Essentially Friday afternoon's close forms a double top with the high from the previous morning generating a reversal pattern. I think Silver is due to correct and reverse. For the short setup, I will set a stop loss...
Exploring setups on both sides with a reasonable RR. Thanks for watching!
2nd August daily key reversal bar broke and close below previous daily bar low. 20.23 supply zone for short, may add more short from high of key reversal bar i.e 20.49-50. stop loss 20.56, target: 1935
silver has moved 10% off the low similar to the rally in May. looking for a high to be made for a drop towards 0.19
This probably the last wave before the huge move to the upside happens. I still maintain a bias of commodity currency boom and commodities long term view. With a basic understanding, Say's law. The one thing giving true value to commodities and commodity currencies is really green energy policies. Suddenly we have a shortage of everything everywhere. The...
Good day traders, If you saw my previous Silver/ XAGUSD market analysis, you will know that I'm bullish bias on the weekly timeframe but what happens to the traders trading on lower timeframes? This is what you need to know: Silver is trading in a range on the hourly timeframe. We have a concrete resistance that we are currently approaching. Should the...
Silver is showing bearish pressure and making evening stars at Lower High. We can take a short position at this stage.
I am sorry I am a little late on this one since I have not traded it for a while. Just like gold (XAUUSD), Silver is also influenced directly by USD. With USD on steroids, silver has broken lower than the last support of 21.83. It is now approaching its first target zone marked in green, breaking where it will proceed to the target zone 2. This trend will not stop...
After the false up break of resistance from late May and the beginning of June, Silver has started to drop again and, last week has finally dropped under important 20.50 support. Now Silver is trading also under 20usd figure and there is a high probability of down continuation. Rallies above 20 should be sold with a target of 18.90 support and negation above 20.50
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Copper has rejected an important level also violated EMA's to show a clear correction. Natural gas following the same path lagging but to follow the similar path I think, Option Volatility in commodity currencies such as AUD,NZD have been of interest the past two weeks. Selling commodities and Commodity currencies, Buying the Dollar and waiting for and an entry...
Silver reached HTF resistance confluence(blue) and firmed a HUGE head& Shoulders. After a break of neckline a small H&D is forming a gain, at the retest of the bigger H&D. High odds for sell. Like and subscribe. Note: Manipulation occurred to the downside recently, which is not good for sell positions......
price touch top of descending channel +0.61 fibo + ema 200 good confirmation after close bearish 1H candle
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD (Silver) Sell. Enjoy the day all. Cheers. Jim
Based on technical factors there is a short position in : 📊 XAGUSD Silver 🔴 Short Now 22.22 🧯 Stop loss 22.55 🏹 Target 1 21.88 🏹 Target 2 21.30 We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
To me, this chart is so clear to enter. Silver missed the critical level 22.00 and now is pullback to that. A big bearish move, broken rectangle, pullback to resistance and i think its so ready to complete second bearish leg.