Long

SILVER XAGUSD find buys

Updated

reasons to look for a trend reversal can be found in the fib trend based extention 1.0-1.23 together with the 0.77 fib retracement of the upmove.

all in all the price acount to the downside looks very corrective so i expect an impulse to come sooner or later.

watch out for whatever price action you like to trade or look for structural patterns, break out of trendlines,... stuff like that...

peace!

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hope you liked that one?

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bigger correction at the moment for more upside later

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the otehr scenario is that the uptrend already is resumed and it is going up from here for new daily highs. but we ll see.
break of trendline does not mean anything.

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still in this trade and i will hold it for sure.

always good to buy silver at around 16 or below because it will not likely drop to zero-value! so you can put your stopploss at "zero" and tarde a lot size according to your account size. it is way more likely that we will see prices around 30 in a year or something than a value of 0. you cant do that with the SPX500 or DowJones or with Gold because price of these is way to high from zero.

ernstschwarz

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