XAGUSD
Silver / U.S. Dollar
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hit back to 50 MA after double bottom MACD postive Stoch positive RSI positive Huge volume incoming. be ready for a spike
- SILVER is launching to Resistance Area - Price broke the support counter-trendline - Structure predilection is pushing down - Sentiment - still positive - ( Candlestick ) ?? - Plan is to look for a Short opportunity at Resistance - Take the trade when your rules are fulfilled A BEARISH MOVE is probable in this market.
Silver is currently showing an Uptrend. Let's wait for additional confirmation and respect to our Key Levels and counter trendlines.
The EMA50 and EMA 200 crosses over while the RSI is at 69.
Silver to break into upwards trend before or on 20th April, 2021
Not reccomending for trade. Do your analysis on your own
Weekly: Up Daily: Up H4: Neutral Expecting retracement before going up. Make sure to apply SL & TP. For more analysis or precise trade---> T3l_grm search Underground Analyst.
Bearish movement has weaken, lets see if the cluster of support and trendline will push up the price. Suggested entry: 26.740
It didn't take a rocket scientist much less deductionist like me to see this direction. *elaboration on the chart on Gold previous to this one.
its a good setup all around technicals and fundamentals