Wait for a close above parallel channel resistance level.
✅SILVER is trading along the falling resistance line And as the pair is going down now After the retest of the line I am expecting the price to keep falling With the target of retesting the demand levels below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! SILVER fell down sharply today And the price is now retesting A horizontal support level From where I think We might see a bullish rebound Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
$XAG - What's next? Pattern: C&H - Pennant A break above or below either direction, we got intervening happening with BOJ - excellent pattern was in play there as well, silver is brewing with Aussie pulling back due to dxy pulling back as well. Keep an eye across the board! HT: Weekly & Daily will be very key! All the best, Trade Journal
XAGUSD on the 4h chart is trading between 2 converging trandline. The Symmetrical triangle pattern in a continuation figure and if the price will break above we can expect more bullish pressure to the upside. Today is a news day so be safe and trade wisely ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
Silver - Intraday - We look to Buy a break of 19.67 (stop at 19.57) A bullish reverse Head and Shoulders is forming. Previous resistance located at 19.65. A break of bespoke resistance at 19.50, and the move higher is already underway. There is scope for mild selling at the open but losses should be limited. Our profit targets will be 19.94 and 20.20...
The price of the precious metal rose today, recovering from previous losses. But it still keeps raging, expecting the Fed interest rate decision. Technical indicators are suggesting entering into long position, MACD histogram is above 0 line and RSI is above the neutral 50 line, which might provide a speculative short term opportunity for traders to get advantage...
Technical Analysis Chart Update XAG / USD ( Silver / U.S Dollar ) Time Frame - M45 BULLISH CHANNEL in Long Time Frame #LTF - H4 In Short Time Frame #STF we have - HEAD AND SHOULDER : Rejecting Bearish trend from the Right shoulder if it Rejects then Buy LEADING DIAGONAL : Completed " ABC " wave ELLIOT WAVES : " 12345 " Impulsive waves completed and now making...
Posted this some time ago and we are in demand zone once more.
Minor bearish pressure on USDZAR although the macro still remains bullish
Hello,Traders! SILVER is making a bullish correction And the price will soon retest the next Horizontal resistance level from where A pullback and a move down are to be expected Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Based on technical factors there is a Short position in : 📊 XAGUSD 🔴 Short Now 18.40 🧯 Stop loss 18.95 🏹 Target 1 18.00 🏹 Target 2 17.40 🏹 Target 3 16.45 We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
With the economic turmoil people hedge with commodities and silver is due for a parabolic mega move aaaaaahyeeeeee
Hello,Traders! SILVER broke the key level Which became a resistance And is now about to retest the level From where I am expecting a move down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Silver - Intraday - We look to Sell at 18.40 (stop at 18.69) Preferred trade is to sell into rallies. The bias is still for lower levels and we look for any gains to be limited. News events could adversely affect the short term technical picture. We can see no technical reason for a change of trend. Our profit targets will be 17.57 and 17.10 Resistance: ...
✅A broken key structure level Reinforces our bearish bias on SILVER And I believe the price is set to move lower To retest the target below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! SILVER is trading in a mid-term downtrend And the price broke the key support level Which has turned into a resistance level now So we are bearish biased on Silver And we will be expecting bearish continuation After the retest of the supply level above Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
GOLD is still under the pressure of the bear market. On the local chart the situation was interesting with the development of bullish preconditions, but unfortunately the world market is not going to recover yet. On the chart, I marked a price channel, the price tested the resistance and started to form a pullback and movement in the phase of the fourth wave. The...