Silver will go down cause high short market pressure of longest waves. For a full list of daily market pressure visit my twitter profile.
Silver and gold are over important level that block the price but the market pressure are short and very high. I suggest only short positions
An important negative market pressure impose a lower prices to the silver in both XAGEUR or XAGUSD crosses
Like it or not, I realized that bitcoin move very similarly to gold, over the years of trading these 2 assets. Posting this here, let's see how the bitcoin chart turns out in 1 week ;)
Following a mediate-term decline that ended in early July, XAD/USD started to trade in an ascending channel. Its highest peak was reached on September 8 when the pair tested a four-month high at 18.18. Subsequently, another pattern—a falling wedge—was formed. Given the narrow range of the latter, it might be assumed that a breakout is likely to occur in the...
After a retracement Silver is again turning in uptrend to the sky
I have seen many charts that suggest the main downtrend for XAUUSD is broken which lead to Bullish outcomes. I use log-scale for long term charts and we can see clearly the falling channel is still intact. The 2006 uptrend was broken and tested at about 1375. Price's since then kept failing to go back to the test area and that's just the nature of it when retrace...
I expect price to close above the moving average for he month of September. I'll be looking for bull signals on the daily time frame. Entries will have a stop loss but no take profit targets. Trades will be closed when monthly candle finishes painting.
The decision to review the situation on the Silver charts was made due to the alternative it possesses to the safe investment of Japanese Yen, Swiss Franc and Gold. The metal trades simultaneously in three various channels. On a large and medium scale patterns the metal is trading in ascending channel patterns. However, it might be more relative to day traders...
Over trend is bearish so far it seems to be respecting higher the trendlines based on higher timeframes, Still no major bearish action yet but this could be the start of a Downtrend Continuation SL's and TP are on the chart but please use risk management! Waiting for more lower highs indicating bearish price action and seeing how much it pulls back. Stop hunts...
XAGMXN Daily chart ABC pattern EMA cross down Fibonacci ratios fit for corrective moves, 8/2, 8/3
Price will move up to touch EMA. RSI indicates overbought levels, in this case XAUUSd will move down in few weeks time.
XAGUSD has formed a bearish engulfing on the daily timeframe. This is a very interesting, low risk opportunity. Looking left, there is a very similar structure with a long wick, followed by a bearish engulfing candlestick, which resulted in a bearish continuation. Price failed to make new highs. SL set above bearish engulfing highs, TP set at previous lows created...
So what is this ? I guess manipulation of market and killin long accounts without enough cash. So. MHO this is a previous era of bull market..
Hi guys, Here is my technical analyse for silver. I am in now for two days. Please let me know what you think of it. Leave a like and give me a follow if you like it. LFX