List of confluences:
1: Head and Shoulders
2: Trendline Breakout
3: Key level break and retest
RR for this particular trade currently stands at 4.9x to 1.
What was set in motion last October when the price rebounded on the 1W MA100, is taking place now, as Silver (XAGUSD) broke above its 1W MA50.
On the shorter time-frame of 1D (current chart), the price appears to be replicating the December 2020 aggressive rise, which initially reached almost the 0.786 Fibonacci retracement level (28.000) and after a 1D MA50...
Technical Analysis Summary
XAG/USD
TREND ANALYSIS
We have 2 Downtrend in red color (Internal and long term)
We have 1 Uptrend in green color (Internal Uptrend)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use...
The ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how...
As the 1D MA50 (blue trend-line) has been supporting Silver since late October, it is a good time for me to update my outlook on the metal. So far my September 30 trading plan remains valid:
As you see we caught the market bottom on that exact date and the price has been rising ever since, creating an Inverse Head and Shoulders pattern in the process, which...
The main movement is down. I put a spot on short 1 and gave the signal. I made a profitable trade. Now I decided to place a new short, got a signal from the market and opened a position.
Earlier I decided to place on short and target 1. I opened a position and made a profit. Now I will be watching the market. The direction is generally downhill but they can go back to the buy siren. I will be looking at the graph and waiting for the right signals
I'm getting ready for a bigger short. I marked the zone and the price. I appointed TP. Corrections take place between these zones. I will signal where traffic joins
Silver (XAGUSD) is posting a bullish reaction (rebound) after marginally breaking below the 1W MA100 (green trend-line) last week. During the metal's previous multi-year Bull Cycle and more specifically its parabolic rise (2003 - 2011), all three times that the price hit the 1W MA100 (excluding of course the outside catalys of the 2008 subrime mortgage crisis that...
Silver hit yesterday the 21.664 Support level of the 1 year Rectangle pattern it has been trading in since August 2020. Even though the price marginally broke it, if the 1W (weekly) candle closes above the Support, then the long-term Rectangle pattern remains valid.
The 1D MACD shows we may be in a similar situation as with the November 30 2020 bottom. If so,...
Hello everyone, as we all know the market action discounts everything :)
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XAGUSD is bearish on the long-term outlook. The sellers were in charge of the Silver market since June and the bears’ momentum has been increasing. The price has been...
Silver pulled back on Friday and today along with most major commodities due to the USD showing strength on the incredible Nonfarm Payrolls numbers. All this short-term price action though can be viewed as nothing but noise on one pattern that has been developing since 1980 and may be close to completion.
I am using the very rare in financial analysis yearly...
Silver has been printing Lower Lows since the May 18 High and is now close to the 23.750 Support, which has been holding since December 15, 2020.
If the 1D MA50 Death Cross is avoided (may have a March 2020 effect if it doesn't), then we can expect the Support to hold and rebound back to the Lower Highs trend-line. In that case, the target is 26.700 (just below...
Welcome back Traders, Investors, and Community!
Hi Traders, XAGUSD on D chart has formed a Bullish Falg and has broken below the Flag by a large red candle. I am expecting to go lower to 24.11
⬇️Sell now or Sell at 25.84
⭕️SL @ 26.81
✅TP1 @ 24.11
✅TP2 @ 22.6
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a...
On 7th of MAy 2021, as we can see on daily chart, Silver have broke out of down trend line and build up Squeezing broke out 26.5
Trading plan; Wait for retest at 26.5 where previous resistance turn into support, Target TP 1 at $28 , TP2 at $29
Silver is trading in a range for 2 weeks now with a clear ceiling at 26.50.
Bulls are unable to take control and drive the price above this level and XagUsd keeps rolling down to support
A breakdown seems imminent for Silver and short-sellers can have a target under 24.
Sell rallies above 26 can be a good strategy and only a clear close above 26.50 would negate...
