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Silver Trading Update for JuneCurrent Situation The initial short position entry at $30.52742 has been activated as the price has reached our first entry level. This position aligns with our overall bearish outlook for silver in June, based on seasonality, COT index insights, and technical analysis. Active Trading Plan A Current Position: Entry: Sell at $30.52742 Stop Loss: $30.93491 + Spread Take Profit: $26.82082 This position aims to capitalize on the anticipated pullback to a daily demand level, driven by seasonal weakness and bearish sentiment from smart money. Standby Trading Plan B Scenario: Price moves higher, providing a better entry point for a short position. Entry: Sell at $31.25125 Stop Loss: $31.80 + Spread Take Profit: $26.82082 Plan B remains on standby and will be activated if the price reaches the higher entry level, offering a favorable risk-to-reward ratio for another short position. Key Factors to Watch Seasonality: June's historically weak performance for silver. COT Index: Bearish positioning with a 1-year rolling score of 3.8% and a 3-year score of 2.3%. Technical Signals: Higher time frame break of structure, buy-side liquidity taken, and H4 imbalances. Next Steps 🕰️ With Plan A now active, we will monitor the market closely. Patience and discipline are crucial as we wait for the trade to unfold. Our stop loss is in place to manage risk, and our take profit level aims to capture significant gains if the anticipated pullback occurs. Conclusion 🧩 The activation of Plan A is a strategic move based on thorough analysis and disciplined trading principles. The bearish sentiment from smart money, combined with seasonal weakness and technical indicators, supports our short position strategy. We will continue to watch the market and adjust our plans as necessary, always prioritizing disciplined risk management. 🚀 Happy trading and may the markets be in your favor!
OANDA:XAGUSDShort
by Mike_SnD
Silver Trading Update for June Current Situation The initial short position entry at $31.24 has not been triggered as the price has evaded the order thus far. Instead of chasing forced entries, a more disciplined approach involves waiting for the price to come to us. Based on the latest market movements and technical analysis, two updated trading plans have been mapped out to capitalize on potential pullbacks in silver. Trading Plan A Scenario: Price reaches the first entry level. Entry: Sell at $30.52742 Stop Loss: $30.93491 + Spread Take Profit: $26.82082 This plan aligns with the higher time frame structure and anticipates a pullback to a daily demand level. Trading Plan B Scenario: Price reaches the second entry level. Entry: Sell at $31.25125 Stop Loss: $31.80 + Spread Take Profit: $26.82082 This plan provides an alternative entry level at a higher price point, offering a favorable risk-to-reward ratio if the market moves higher before reversing. Waiting for Confirmation 🕰️ Patience is key in trading. By waiting for the price to reach our mapped-out levels, we avoid the pitfalls of chasing the market and ensure we enter trades with a higher probability of success. Both trading plans are designed to take advantage of the expected pullback based on seasonality, COT index insights, and technical signals. Key Factors to Watch Seasonality: June's historically weak performance for silver. COT Index: Bearish positioning with a 1-year rolling score of 3.8% and a 3-year score of 2.3%. Technical Signals: Higher time frame break of structure, buy-side liquidity taken, and H4 imbalances. Conclusion 🧩 By sticking to our updated trading plans and waiting for the price to come to our predefined levels, we maintain a disciplined approach that increases our chances of success. The bearish sentiment from smart money, combined with seasonal weakness and technical indicators, supports our short position strategy. Stay patient, watch for the key levels, and be ready to execute the trades when the market presents the opportunity. 🚀 Happy trading and may the markets be in your favor!
OANDA:XAGUSDShort
by Mike_SnD
2
Silver H4 | Potential bullish bounceSilver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 29.17 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 27.80 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 30.76 which is an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:XAGUSDLong
by FXCM
Short-term correction for silver After strongly breaking the 2020 highs with a large green candle and some growth in volume, the asset is on a steeply sloping trend line that has found rejection in the $32-$31 zone. This can be seen in the last three red candles, with a shooting star type candle in the middle. If we zoom in and look at the chart on a daily timeframe, we will see how a double top pattern is being executed. We can also observe divergences in the Stoch RSI and RSI, both in oversold territory. A return to the resistance zone of the previous highs can be expected, now probably converted into new support. If you already have a position open, the correct thing to do would be to hold and otherwise open longs when the current correction has finished developing.
CAPITALCOM:SILVERLong
by MCHVLL
SILVER XAGUSD Bearish Side Money Heist PlanMy Dear Robbers / Traders, This is our master plan to Heist Silver Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Green Zone that is High risk Dangerous level MA act as a Dynamic Support & Order Block, So the Market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: Day traders & Scalpers If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
BLACKBULL:XAGUSDShort
by Thief_Trader
Double Top on XAG/USD @ D1This double top pattern has formed on the daily chart of the XAG/USD pair (Silver) following a rather long bullish trend. It can be used as a downside breakout setup. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height below the neckline). My potential take-profit level is at the green line (100% of the pattern's height below the neckline). My potential stop-loss is not shown on the chart and will be set to the high of the breakout candle or to the high of the preceding candle if the breakout one trades mostly outside the pattern's borders. I won't be trading a bullish breakout from this trend-reversal pattern.
OANDA:XAGUSDShort
by AndriyMoraru
XAGUSD. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
FOREXCOM:XAGUSD
by Forex_Hoby
SILVER Will Fall! Short! Please, check our technical outlook for SILVER. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 31.601. The above observations make me that the market will inevitably achieve 27.300 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAGUSDShort
by SignalProvider
1
XAGUSD continues to give excellent set-ups to trade.Silver (XAGUSD) couldn't have gone better on our last signal we gave (April 17, see chart below) as it did give us the pull-back inside Resistance Zone 1 that we wanted in order to buy and immediately rallied to the top of the Channel Up to hit our 32.00 Target: Since the break-out, the metal entered a more aggressive Diverging Channel Up (blue), which after a Higher High, it pulls back to the 0.618 Fibonacci retracement level and then rallies to the -0.5 Fib. As a result, we will wait until the price approached the 1D MA50 (blue trend-line) again as it did on May 02 and then buy, targeting 35.000 (just below the -0.5 Fib and at the Top of the Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDLong
by TradingShot