XAG/USD -Weekly Uptrend Outlook(update)
Updated
- Silver's uptrend remains intact techincally speaking,
as long as its plenty of supports below are there to enforce uptrend resumption.
A decent Demand Zone as well just in case
DXY starts flying by the next Feds Interest Rate Hikes decision after a Month of Breath,
making Financial Markets turn around.
For now, in the short term Silver may be struggling a little bit, only to find new
buyers at its close lower levels.
Losing grip of 0.618 Fibbonaci Trend Retracement would make me worried whether price will follow bars patterns
Note that bars patterns are there just to give a mere visualization idea for uptrends worst case scenario without breaking Weekly Uptrend market structure.
In case 22.1$ price level (recent HL market's structure) and support trendline is to be violated through huge selling volume, that would shift Character of Weekly Uptrend
Until the next one ;
Trade smart ,
TRADE SAFE
*** NOTE that this is not Financial Advice .
Please do your own Research before partaking on any Trading Activities
based solely on this Idea.
as long as its plenty of supports below are there to enforce uptrend resumption.
A decent Demand Zone as well just in case
DXY starts flying by the next Feds Interest Rate Hikes decision after a Month of Breath,making Financial Markets turn around.
For now, in the short term Silver may be struggling a little bit, only to find new
buyers at its close lower levels.
Losing grip of 0.618 Fibbonaci Trend Retracement would make me worried whether price will follow bars patterns
Note that bars patterns are there just to give a mere visualization idea for uptrends worst case scenario without breaking Weekly Uptrend market structure.
In case 22.1$ price level (recent HL market's structure) and support trendline is to be violated through huge selling volume, that would shift Character of Weekly Uptrend
Until the next one ;
Trade smart ,
TRADE SAFE
*** NOTE that this is not Financial Advice .
Please do your own Research before partaking on any Trading Activities
based solely on this Idea.
Note
Note
Both safest trend Entries on XXAG/USD depending on your bias;TRADE SAFE
Trade active
XXAG/USD (Silver)Awaiting full TP area followed
with a Strong Buy Opportunity incoming for Silver regarding *Weekly TF.
Even if the last HL @22.11$ does not hold confluencing with Weekly Trendline Support,
just below a decent Demand Zone for Silver between 19.85$ - 21.5$
Note
(New Idea on XXAG)
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