Silver has a Great chance to Reach 300% or 30.000 Points.Im pretty sure that silver will reach 30k.
so its time now for you to invest in silver buy side.
my yesterday analyses were true as well.
so try my tips and earn profit.
Silverbuy
Silver Short Term Buy IdeaH4 - Bullish trend pattern
Currently it looks like a pullback is happening
Until the two strong support zones hold my short term view remains bullish here.
Cup and handle in Silver Biggest Cup and handle i have seen . hope to see a breakout
#Stock to own for this: Mag Silver
Silver Short Term Buy IdeaD1 - Higher highs
Bullish hidden divergence
No opposite signs
H4 - Bullish divergence
Downtrend line breakout
Until the strong support zone holds I expect the price to move higher further in the short term.
SILVER LONG TRADE PLANTVC:SILVER
TVC:SILVER is primed to POP and eyeing next levels.
As Always, NFA & DYOR.
Silver Short Term Buy IdeaD1 - Price respected a strong support zone and is bouncing higher.
Bullish divergence.
Expecting short term bullish moves to happen here.
H4 - Higher highs.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
Silver to 23.52, then 24.40 and ultimately 25.90Fundamentals backing this trade idea:
- Silver as a seasonsal tendency to rise in the month of February
- Looking at the Commitment Of Traders Reports, large commercial hedgers are decreasing their overall net short positions
Thought process:
Smart Money Concepts begin with adopting the 'Market Efficiency Paradigm' which is the idea that the market is either seeking liquidity or areas of inefficiency at a premium or a discount.
I interpret the price run below 22.51 as smart money buying as a counter-party to traders who had market orders to sell the market at that price point (buying from sellers at a discount)
To then offset some of their positions at 24.40 where there are willing buyers at a premium
Any bearish candle that prints on the DAILY chart is viewed as a buying opportunity. I anticipate 'UP' candles to be broken through with low resistance and 'DOWN' candles to hold as 'support'
XAGUSD - USD Continues To Get Weaker?Analysis:
Upwards trend (bullish confluence factor)
Break & retest of previous area of resistance for support (bullish confluence factor)
38.2% fib retracement level touch (bullish confluence factor)
Upwards trendline close by (bullish confluence factor)
6K long position decrease for the USD (bullish confluence factor)
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
XAGUSD - Silver Continues To Rise?Analysis:
Taking a look at the chart we can clearly see that price is in an upwards trend. We're forming higher highs and higher lows which helps confirm this as well as the upwards trendline that is present. Price today has pulled back to an area of interest to us as this level previously held as resistance. As we know resistance often becomes support when broken so this previous area of resistance looks like a place where we could see buyers step in and push price higher. Looking at our extra confluences we don't have a fib retracement level of a trendline that lines up with our area however both of these confluences are close by, but this isn't why we took this setup. We took this setup now as we're at an area of possible support and we have the fundamentals in our favour. Fundamentals are what drive the markets so if we have a strong fundamental bias then that is more of a reliable signal then any technicals would be. Fundamentally recently we've seen the USD become weaker and as of the most recent report for COT data we saw an increase of 7K long position but we also saw an increase of 8K short positions on the USD so this is bearish for the USD, meaning that this is a bullish confluence for our bias. Overall we have a strong fundamental reason to be bullish on this pair and we've seen an opportunity present itself on the technical aspect as well. This is why we are currently bullish on Silver.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
SILVER-BUY++We are oversold and overall we are in a downtrend. The stochastic is positive and way below the dark cloud cover.
The strategy is BUY current @ 18.30-18.40 and take profit at 20.07 for now. We have a resistance 19.09 GANN fan 1/1 line.
SILVER BUY SETUPthis could be the next reversal point .
looking for upside . first target 29.50-30.00$.
SILVER-BUY strategyIt still feels slightly under pressure as it is moving a long the cloud line.
the stochastic 4-hourly chart is low, and the weekly chart (medium-term) has potential to see much higher.
For those reasons I feel no change in view, and we by @ 21.10-21.40 for a move beyond 22.00 > 23.10 as objective.
Stop-loss could be placed below 20.70 for now.
SILVER-BUY strategyNo change in view.
Silver is moving slowly upwards and we may see $ 23.50 - 23.75 as a good possibility short-term.
The pattern is bottoming and also positive stochastic and a lot of room back towards cloud resistance.
for now strategy is BUY @ 21.00-21.30 and take profit $ 23.50-23.75.
SILVRE-BUY strategyNo change in view.
Silvr feels bottoming and a recovery back towards 23.50 or higher seems possible. The stochastic is very low, and oversold status still there. For now we buy @ 20.80-21.10 and take profit 23.30 for now.
SILVER-BUY ++Now we are starting to become oversold on silver, and as stated earlier days, BUY entry 21.60-21.90 and even today better 21.40 is likely a good suggestion.
The market is far away from cloud resistance and we should be starting to base somewhere soon. For now I feel we buy current 21.40 or if we bought earlier 21.60 area, we add BUY @ 21.00 again.
Profit taking level suggested @ 23.47.
SILVER-BUY strategySilver has not yet reached its low, and I feel we may see slightly lower levels.
The stochastic is low, and we are over extended a bit.
Strategy is BUY @ 21.60-21.70 for now and not at current levels. When done, add further @ 21.15. Profit order @ 23.07.
Longing SilverSilver is showing signs of a bull flag, with a major breakout at the start of 2024. It will bounce between 22 to 25, with wicks up and down leading up to the breakout.
This is a very long term play and with the current state of the world could change at any time.
SILVER-BUY strategyThe decline happen as I felt we may attempt 22.00 test somewhere. We are getting close now and I think strategy to BUY can be placed.
The strategy is BUY @ 22.05 and take profit @ 23.17 for now. We may add further @ 21.65 when seen.
SILVER-BUY strategySilver starts to show signs for moving higher again. The initial idea of BUY strategy @ 23.20-30 still stands and even we went little lower we are protected on down side for now.
Stop-loss still below 22.70 is advised and profit order somewhere $ 24.78 for now.
SILVER-BUY strategyNo change in view.
The market is a little over extended, not extreme and I would think we may correct a bit upwards. I feel still BUY strategy @ 23.30-23.60 (or when long) add slightly 23.15. The stop-loss is required below 22.75 for now. Profit order @ 24.78.
SILVER-BUY strategyI feel we may see some correction up again, as the BB% is low and other indicators are little over extended as well.
Strategy I feel BUY @ 23.40-23.60 and take profit @ 24.65. The stop-loss place below 22.75 for now.
