On this week's cover of XAGUSD, I see a lot of buy opportunities for this pair.
As indicated on the graph I have 2 possible good buy zones
Buy Zone 1 (25.3-25) Trendline
Should the pair not break the trend line then I'm looking at a buy entry at 25.3 but with a small false breakout then I'm looking at an entry of 25.0
Buy Zone 2 (24.3-24)Rectangle
As stated on the Graph, we have 2 possibilities that will prove to be very profitable for us
A Break of 1800 then we will be in a good buy position to 1910.
With a rejection of 1800, we will most likely take the direction of the trendline and go for long sells making 1675 the target.
For smaller account holders, I would suggest short...
Ok, In pure technical graph patterns it seems like we have an Ascending Triangle. As you can see its been rejecting to break our resistance at 13800-13900 area, with a few false breaks in-between. However, Nas has been on a bullish trend for a while but if the resistance keeps strong then we will see Nas falling to the 13600 region which will be our entry for...
Immediately someone will ask, "why trade against the trend?"
I think it's exhausted its bulls and now we possibly looking downside. however, for this one we just need to wait for a break in the main trend then we can definitely go for it
I've been monitoring the horizontal trend silver has been on and I think It has had enough of it and now I'm waiting for a break in trend and resistance to solidify the buy at 29.2.
TP points have been given too
With the dollar also been gaining good strength and fundamentals upcoming... bulls have the upper currently
God outrightly broke our trendline so we are now sure it's not a false break-out.
We have 2 entry points:
1: 1880- this point is relevent as an indication that the buying power is still strong therefore no possible retracement yet
2: 1860- should we have a retrace now then it'll retrace to 1860 (our trendline) before shooting back up