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🔥NEW: XAGUSD 🔥 SWING TRADE 🔥 (2W)
Silver / U.S. Dollar
Short
🔥NEW: XAGUSD 🔥 SWING TRADE 🔥 (2W)
By ProfessorCEWard
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Updated
Aug 17, 2023
1
Cheer
Cheer
Aug 15, 2023
As an alternative, you can choose your TP based on the ATR of your favorite chart:
ATR = Average True Range
1 day = 20 pips
4 hours = 10 pips
1 hour = 5 pips
15 minutes = 3 pips
5 minutes 2 pips
TECHNICAL ANALYSIS:
The XAGUSD pair is currently trading in a range between 26.14 and 22.11. Price Action has been consolidating in this range since April 24, 2023.
Now, that PA has bounced off of our TP1, we should be good to go for more downtrend action.
INDICATORS:
P2P INDi — Annotates Curve Analysis
— Pivot High @ 28.90
— Pivot Low @ 12.75
— Based on this curve, PA is bearish
TREND
— Momentum: Big Picture Downtrend
— Price Action: Downtrend
— CounterTrend: NO (conservative trade)
Aug 15, 2023
Comment
💲 PROFIT POTENTIAL @
Share Price: +$6.24450
Percentage: +28.10%
Pips: +62,455 pips
Aug 17, 2023
Comment
✨
MODIFICATION
✨
XAGUSD (1D)
SLO @ 23.40 ⏳
SSO @ 22.45 ⏳
FINAL TP @ 19.55
💲PROFIT POTENTIAL @
Share Price: +$2.90
Percentage: +12.92%
Pips: +29,000 pips
Beyond Technical Analysis
dollar
Silver
Supply and Demand
Support and Resistance
USD
XAG
XAG USD ( Silver / US Dollar)
ProfessorCEWard
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Professor C. E. Ward
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