Get started

J-XAG

$XAGUSD - Inverted H&S and important breakoutHi guys! 👋🏻 🔔 Silver confirmed an important brekout from the descending channel. 🔔 A pattern to watch here is - Inverted Head and Shoulders 🔔 Biden will push the stimulus bill as Covid cases in the US hit new record highs. It's time for gold and silver to shine again. 🔔 Currently, silver is testing the neckline, might retrace a bit and later continue the uptrend. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
OANDA:XAGUSDLong
by azizelliott
1
Correlation between TNX and XAU & XAG !... We observe that starting from 1st April until 3rd August , TNX has dropped continuously and XAUUSD increased as a response to this action. In a similar way, TNX has been increasing gradually since early August , and there is a pullback in XAUUSD. In my opinion, the destiny of Gold ( or in general ) precious metals ( i.e. XAGUSD as well ) is highly correlated and dependent on the TNX ( 10-year treasury note yield ). So, in the next two weeks, I will be watching TNX closely to take a position in Gold ( short or long.. ) we will see.. Please keep in mind that TNX is forming a triangle here and I see higher-lows in the past two weeks. Breakout level is around 1.00 - 1.10 I think... ( This is my own view and definitely not a trading advice. )
OANDA:XAUUSD
by Xemaphore
1
ridethepig | Silver finding a floor?📍 Consider the following chart, which arose after the waterfall alerts triggered : As the main map, sellers now chose the ABC sequence, with profit taking already being done and sharp buyers also deciding to step in with an early attack. Continue looking to play longs to shake the reluctant sellers stops at the considered centre. It is no revolutionary idea, simply corresponding with the latest moves in Gold: Use 23.5x to build into, it does not look promising for sellers after the defence and their stops are clearly located at 26.0x and 28.9x. In other words: Buyers know their positioning is now weak and the base is secure. Of course other events can cause on base to appear softer than usual, so the transfer of newsflow around vaccines back towards a collapse in public sector confidence, is rather a natural weapon these days. As usual....Thanks for keeping the feedback coming 👍 or 👎
FOREXCOM:XAGUSDLong
by ridethepig
15
Silver - Continuation @ridethepig Silver Market Commentary 16.12.2020 => It was no struggle for buyers to take out the diagonal resistance. Then, what comes next is a paralysing advance. Should some sellers wish to continue holding once the initial targets are hit then we can see capitulation. This is a typical continuation flow with Fed which can be played here. The bid will advance from here and cannot be prevented in the short-term. This will now move with Gold and show bare the base of the retracement. The correct manoeuvre here consists of holding and working longs, enough to allow 26.0x (+10%) and 28.9x (+23%) above. Swing the bat and go massive when the positions starts working. Thanks as usual for keeping the feedback coming 👍 or 👎
FOREXCOM:XAGUSDLong
by ridethepig
2
Cheatsheet: Understanding the Inverse Head & Shoulders PatternThe Inverse Head & Shoulders Patterns is one of the most well known chart patterns and has a higher success rate then most (success rate, is that rate at which the pattern hits its target; the "measured move"). The pattern can be seen as a potential sign that a momentum reversal is coming into play with the last part of the pattern: the right "Shoulder" showing the market structure printing a Higher Low (HL), in up trending markets the price continually shows higher lows so this pattern is a potential way of spotting a initial HL before a uptrend begins. Here are the main characteristics in which to identify a Inverse Head & Shoulders Pattern: • VOLUME MIMICS PATTERN • 3 VALLEYS, LEFT & RIGHT SIMILAR HEIGHT WITH MIDDLE DEEPEST • TRIANGULAR IN APPEARANCE • FOUND AFTER STRONG DOWNTREND • HIGH SUCCESS RATE • CAN BE SLANTED • HIGH VOLUME ON BREAKOUT INCREASE SUCCESS CHANCES Price forms 3 distinct valleys after a strong downtrend, the left and right valley should have a similar height (shoulders), the middle valley (head) has to be the deepest or this can not be a IHS pattern . They should seem triangular in appearance but as long as it fits the main characteristics can still be a valid pattern as sometimes they look "messy" on the smaller timeframes but valid on higher timeframes. Volume should also paint the same pattern with the 3 valleys, strong volume on breakout increases success rate. As with any pattern you want to try buy on top of long term support areas not beneath to increase success chances. ( If you want to understand what potential support areas can be, visit the below linked idea on Order zones.) The right shoulder should form a higher low (HL) which is a early sign of trend change, this is entry A, with entry B (riskier) being the bullish retest of of the “neckline”. The idea is to gain an early entry on the pattern at point A to maximize profits and reduce risk. Once price moves below the middle "valley" it is likely that the pattern is not valid anymore so this allows us to get a tight stop loss upon entry at "A". If you were to buy at B instead of A, you have a larger distance to the INVALIDATION point of the pattern which is not ideal. We measure the height of the pattern and add it to the breakout level for a maximum possible price target. On some markets these patterns hit targets as high as 70% of the time. In this example on Gold the pattern as not fully formed yet so is still not validated, plus we are also under a important resistance area so we would need to clear that first. If that happens we have the chance Learning to trade patterns such as these can provide great opportunities if you understand price action and how to identify the key areas of the pattern that other traders and investors may be focusing on too, these areas become important psychological levels on the chart. Thank you traders, if you found the idea informative you can show your appreciation by Liking & Commenting! If you want to learn about the bearish version of this pattern, the Head & Shoulders, then visit this idea (Click:)
FOREXCOM:XAUUSDLong
by Worth_The_Ri5k
Orderzones Explained : A form of Support & ResistanceHello traders! In this educational idea im going to be going over the 5 different main types of Order Zones on Crypto Charts & how i identify and draw these zones, aswell as what they are used for. Orderzones are a way of marking on the chart historically significant areas where price had strong reactions to. The price tends to come back to these areas and have strong reactions, the Order Zones act as a form of Support & Resistance. For those who are new to Technical Analysis ; "Support" is a area on the chart price and demand (buying pressure) increases from, with "Resistance" being the opposite, with price decreasing and sell orders (Supply of asset) increasing from the latter. Why do i use Order Zones? -Reduces risk & increases probability of potential trades -Trying to trade with; not against larger size traders such as institutions that use similar price levels due to historic signifcance -Providing clear entry and exit points to calculate Risk:Reward Ratio (R:R) -Providing reference points to capitalize on historical areas of market volatility -Allows us to reduce clutter and find key areas as the volatility on Crypto makes it difficult to chart We have 5 main types: -Supply Clusters -Demand Clusters -Single Candle Supply -Single Candle Demand -Orderblocks Supply Clusters & Demand Clusters First we must find areas on the chart that look similar to a tightly squeezed together rectangle . Price should then make a "thrust" (major increase, or decrease in value) from this rectangular area. We use the Rectangle Tool to draw a zone across these areas. In the below image you can click for a in depth explanation of how to use these clusters in your trades. Single Candle Supply & Single Candle Demand To draw and identify the Zones first we must find areas on the chart where a strong reversal occurs, at the start of the trend reversal, or at swing points we can find larger then normal "wicks": (wicks are the thin, needle points at the end of the candlesticks ) as you can see in the above and below images.) Click the below image for a in depth explanation of how to use these zones in your trades. Orderblocks Orderblocks are the small square shaped candle bodies, usually found in between significant price moments. They are small "pauses" before the next move. We use the Rectangle Tool to draw a zone across these areas. In the below image you can click for a in depth explanation of how to use Orderblocks in your trades. If you take some time to go back over your charts (especially on the Monthly, Weekly & Daily timeframes) and test out some of these Order Zones, you will see more then often price comes back to these areas before reversing like a magnet towards the next closest Order Zone so they become a useful tool in any traders arsenal. If you found the idea informative show your support by Liking & Commenting thank you!
Education
by Worth_The_Ri5k
4
XAGUSD is facing bullish pressure, potential for further upside.Description: Price is facing bullish pressure from our pivot level and showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 23.8229, with 1st resistance at 25.0226 as a possible target. Failure to hold above pivot at 23.8229 would see price swing the other way towards 1st support at 23.5266. Pivot: 23.8229 Supporting Points: 23.6% Fibonacci retracement, Graphical swing low support, 100% Fibonacci extension 1st Support: 23.5266 Supporting Points: 38.2% Fibonacci retracement, Graphical overlap support 1st Resistance: 25.0226 Supporting Points: Graphical swing high resistance Trading FX & CFDs carries high risk.
SAXO:XAGUSDLong
by M4Academy
SILVER (XAGUSD) - Weekly Technical Analysis UpdateWeekly Technical analysis Update Midterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 21.90 on 11/30/2020, so more gains to resistance(s) 24.50 and maximum to Major Resistance (26.00) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 53. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSD
by ForecastCity
12
SILVER (XAGUSD) - Weekly Technical analysis UpdateMidterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 21.90 on 11/30/2020, so more gains to resistance(s) 24.50 and maximum to Major Resistance (26.00) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 53. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSD
by ForecastCity
18
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 21.90 on 11/30/2020, so more gains to resistance(s) 24.50 and maximum to Major Resistance (26.00) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 51. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSD
by ForecastCity
8
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast: While the price is above the support 21.90, resumption of uptrend is expected. We make sure when the resistance at 26.00 breaks. If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 21.90 on 11/30/2020, so more gains to resistance(s) 24.50 and maximum to Major Resistance (26.00) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 51. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
FOREXCOM:XAGUSD
by ForecastCity
10
XAGUSD, Approaching key support. Potential for bounce.Description: Price currently holding above Ichimoku cloud, showing room for possible further bullish momentum. We see a medium probability bullish scenario above our pivot 23.7767, with 1st resistance at 25.0226 as a possible target. Failure to hold above pivot at 23.7767 would see price swing the other way towards 1st support at 22.9385. Pivot: 23.7767 Supporting Points: 23.8% Fibonacci retracement, Graphical swing low support, 78.6% Fibonacci extension 1st Support: 22.9385 Supporting Points: 61.8% Fibonacci retracement, Graphical overlap support 1st Resistance: 25.0226 Supporting Points: Graphical swing high resistance Trading FX & CFDs carries high risk.
SAXO:XAGUSDLong
by M4Academy
XAGUSD has loosing the powerXAGUSD has a falling trend and it is losing its power. For the 1d graph, it has lower highs and a "falling triangle". Also, shoulder-head-shoulder formation and double pick were seen in the short past. They indicate weakness. I'm more close to short but before taking a position, it must wait for a confirmation. Short opinion: If it will break the support ($20-22), the target will be $18.5. Long opinion: If it will break the falling trend, because of flag formation, the target will be $35 with a 50% gain. It is not an investment suggestion. Please be careful with your decisions.
OANDA:XAGUSD
by akadal
2