XAG - Now we wait until... XAG - We wait until it breaks to upside or downside - another great opportunity that does require patience! Add alerts in or limit orders whatever you prefer that goes with your OWN trade plan. For me, I'm on side line with alerts in. Enjoy another great opportunity! Trade Journal
XAGUSD is uptrand, if there is confirmation of rejection in the demand area, we can re-buy following the trend and target swing highs
List of confluences: 1: Trendline Breakout 2: Rising Wedge Breakout 3: Bearish Market Structure LH + LL When we look at the bigger picture trend, we can see that sliver is in an overall bearish down trend. We can clearly see a trendline breakout and a rising wedge breakout in the direction of the bigger trend. This is followed by visible bearish market...
After the break above descending trend line's resistance followed by a break also above horizontal resistance, Silver made a high at 21.20 and started to drop. As I said in my previous analysis, prices under 20 should provide strong support and a new leg up could follow. At the time of writing Silver is trading exactly in this support and bulls can regain control...
After the recent drop under 18, Silver corrected higher and reached 19.50-19.80 resistance given by the horizontal level and the falling trend line of a falling wedge pattern. A new drop followed, but this new attempt of breaking under 18 failed (at least so far) Considering the importance of the 18 zone support, a level that offered resistance back in 2019 and...
Hi traders, SILVER is setting up for a upside move watch a sharp move to the upside and look for long GOOD LUCK.
What a day for silver ! Spot silver went up more than 5% to $19.7 per troy ounce in one of the best sessions this year, hitting the highest levels since August 18. Silver's daily price action broke through both the 50-day moving average and the 2022 bearish trend line connecting the lower highs of April and August. Momentum indicators show the daily RSI...
Target Achieved on Aug 5. Tast's an update for XAGUSD. Based on my analysis of the XAGUSD chart on Aug 4.
Exploring setups on both sides with a reasonable RR. Thanks for watching!
After checked multiple timeframes, pivote zones and checking liquidity in chart I'm still not very sure if XAG will start bullish trend or can be just a bulltrap to complete just 5th Elliot wave. Even that will publish this idea as LONG for the time being.
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.
price touch top of descending channel +0.61 fibo + ema 200 good confirmation after close bearish 1H candle
SILVER managed to break through its consolidation, which formed a triangle pattern on the daily graph, and now is heading for a price increase. Both indicators, MACD and RSI, are also confirming the bullish pattern. If this pattern continues, XAGUSD will probably test its previous high around 26.10 In the opposite scenario, the price might test its previous low...
Based on technical factors there is a long position in : 📊 XAGUSD 🔵 Long Now 21.75 🧯 Stop loss 21.10 🏹 Target 1 22.22 🏹 Target 2 23.75 💸Capital : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
Since August last year, Silver is trading, more or less, in a range and, excepting, March and April's false break of resistance, the boundaries are pretty clear at 22 and 25. Last week the price has broken under 22 support, but, considering the quick reversal and retest of now resistance, this can be a false break. The confirmation comes with the price back above...
Since the 18th Aprile Silver's price has dropped almost in a straight line with a single significant green candle on the 4th of May. Now the price is trading in the important 22 support zone and we can have a reversal at this point The first resistance is just above 23 followed by important 24. Buy dips under 22 can be a good strategy with negation if support falls.
Expecting bullish price action on SILVER as price takes out 25.00$ liquidity area below the sell side liquidity. Price is also in a bullish orderblock area on the D1 timeframe and from there we could expect higher price. What do you think ? Comment below..
📉 Expecting bullish price action on SILVER, i think we will see buy side liquidity area being taken out as we see a MONEY FLOW into the commodities 27.00$ price area. We also had a bullish bos which confirms the bullish strucutre. What do you think ? Comment below..