Today I am looking at a possible short XAGUSD setup on the Daily chart. There was a bearish engulfing pattern on the daily just below a major resistance area. I am looking for a possible retracement back to the area to initiate a trade. My stop-loss would be above the level of 18.65. My first target is the level of 17.70. My secondary target is the level of 17.70....
Hi guys, Today I am looking at a possible short XAGUSD setup on the Daily chart. There was a bearish engulfing pattern on the daily just below a major resistance area. I am looking for a possible retracement back to the 18.30 area to initiate a trade. My stop-loss would be above the level of 18.65. My first target is the level of 17.70. My secondary target is the...
Both a short term and long term position have been cast. I'm still trying to incorporate the fib circles to the charts, but beyond that, even more basic chartism seems to indicate this too.
Silver is approaching a Daily Supply Level and 18.40 would be a good place to short with Stop Loss at 19.20 and Profit Target at 15.80
If Silver breaks 18.186, Chances are it will be a good Short position. Ration 2.79%. but keep an eye on because of US Election today.
This is an update to the revision of my Silver analysis a small month ago. I will try to do more frequent updates from now on. Yesterday's and today's price action leaves, in my opinion, zero doubt that we left behind a long-term market bottom. I think the large ABC correction is behind us. The market found support at the trend line that was established earlier...
Long, take @ your own risk good R:R in my opinion and shorts are now extended, this is a short term trade I am looking to enter during the asian session, as long as prices remain above 50% fib before the asian sesh i will be looking to go long around those levels. if your an aggressive trader you can enter @ current levels. But do so @ 30% of your regular lot...
Potential long here, however strong bears currently so could well break through and head towards 16 port of area.
Waiting to see how silver opens to see if support holds for long potential or if a breakdown and retest short to 17.6 is tempting
Silver was in a corrective 4th wave triangle and it just finished today. The 5th wave should take us up all the way to around 22.100 . If you want to be on the safer side, wait till silver breaks the upper side of the triangle then place your trade. Buy 19.670 SL 19.472 TP 22.100 Good Luck