Preferred direction: SELL
Comment: Metals have been at the top of trends lately. It’s not surprising to have such a performance, especially in the case of gold . A corrective downward movement is expected in the near future for silver and gold , and if we are talking about the medium term, then we can already enter into sales. However, in the short term,...
My fractal almost playing out perfectly to the dollar and time is dead on accurate. How? I simply used the fractal from Bitcoins rally at that time. Silver is heading to 30 and we shall see. Likely blows through
XAGUSD
I am looking for a little correction than take the equal highs in a one candle.
To say the liq is taken of that equal highs, it should be broken with a strong candle not with a wick.
It's just an idea please don't take it serious
After the previous loss, a new liquidity point is sought, finding this entry price at 27.93320 with approximately 34 pips of risk and a risk-to-reward ratio of 1:17. It is a potential sell.
The silver price is rallying dramatically at the moment. This is because the price has finally broken out of a 13 year correction it is has been stuck in since 2011 after being dragged up by a very strong gold price. The gold/silver ratio is in the high 80's which suggests this rally is only just getting started...
Silver has clearly broken out as it moves past the last major pivot pt (yellow arrow on the left)...I H&S formation in play in my opinion...this will have some pull backs along the way...but should run for a while...
hello, I would like to keep things as simple and clear as possible without too many stories!
blue zone = demand zone - from where I expect it to grow or at least to have a reaction
purple area - supply area - from where I expect the price to decrease or at least to have a reaction
liquidation point = for the order flow to be respected, the price must take over...
#SILVER.. market Funtastic hold supports n placed highs.
Now upside we have 26.97 as immediate area.
Next buying ride will be done above that level..
Don't be lazy here guys
Good luck
Trade wisely
This is a substantially juicy juncture in Silver here...It is extremely rare to get such a signal in a such huge scale as this in poor man's gold. But here it is: the reversal of the entire down trend since 2011 is now a possibility (and more).
Best of luck if you buy silver in any shape or form, or a proxy for it.
You'll need it, but you won't find better odds...
- The market has been trading laterally since May-2023, the long-term trend was neutral.
- Over the past few days, prices have registered a strong bullish acceleration which led the market to a 2-years high above 26.80$.
Both short moving averages are bullish, and the MACD indicator confirms the bullish pressure and directionality.
- The fact that the market...
After quick run up from 74500 to 78600, Silver is in overbought zone. Also in 15 mt timeframe MFI started to give negative divergence, soon the same shall follow in 30 mt and 60 mt.
One cab short Silver now at 78600 for a target of 76500 soon.
Hi Silver Looters,
This is our Day Trade master plan to Heist Bearish side of Silver. my dear Looterss U can enter at the any point below my entered area, Our target is Caution Zone. We can escape in the Target area. Be patient and Be careful.
