Silvershort
Silver (XAGUSD) - Bounce TimeWe have an order block below the previous support on Silver (XAGUSD)
The support marked has been hunted with a wick once, let’s see if we can get a second manipulation followed by a bounce to the upside.
Silver looking to continue downward hereGiven the earlier failed breakout, and the pennant forming on low volume, I'd say there's a good chance this continues downward from here.
IN GO (L) D WE TRUSTH !!
This time not in gold but in silver. I have recommended to my clients, the entry on silver or on miners since Thursday. The situation is heating up in the markets, and I expect a serious increase right in the opening tonight. But entering now compared to Thursday, involves some risks of extreme volatility, due to the situation in the markets. Let's not underestimate those who never sleep, and who will surely jump in the boat after the course is set. I mean of course reddit boys !!
See you tomorrow if I was right.
Everything on green!
WHERE XAGUSD GOING TO GO THIS WEEK ?Price reached the major resistance area.
We can see three drive patern in 4H.
Price retraced 78.6% of the bearish move made last weeks and did not hold the price above this arae.
Also there is bearish engulfing in 4H.
XAGUSDLE PRIX DANS UNE POSITION DE CUMUL IL NOUS DIT QU IL VAS BAISSE VERS LES NIVEUX DE POC ET DE DEMAND
Silver could drop under 24 In my 2 days ago analysis on Silver I said that the rise from 24.50 is clearly corrective in nature and rallies towards 26 should be sold.
At the time of writing, Silver looks like it carved a local top and a lower high and it is resuming its bearish trajectory.
I'm bearish Silver in this context and I expect a new leg down under 24.
Gains should be very well capped by 26 resistance at this point
Silver- 26 is strong resistance nowAfter dropping around 18% from last week s top, Silver found support on Monday at 24.30 and started to rise.
The rise is clearly corrective in nature and it looks like a flag.
I expect gains to be very well capped around 26 resistance and we can expect a new wave of sales from here.
A good target for sellers can be 24.50
SILVER ANALYSISPrice has rejected the daily resistance but also rejection trend line support , we will take short if price breaks and retest the trendline
SILVER short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
SILVER XAGUSD - To The Moon? Watch To See..Silver XAGUSD has been a very profitable trade for us within the month of December where we forecasted a big rally on the back of more stimulus, annual inflation and seasonality.
In terms of Silver we have to be extremely careful in our trading and "scale in" instead of going "all in", for next week we are aiming for a quick take profit level of 26.22 and we will either add more orders or protect our positions based on the reaction of the market off that level.
Silver can be extremely profitable for you, but you need an approach to trading that combines data + key levels to be consistently profitable. If you are finding yourself losing money trading, make sure to give us a like and follow to keep learning the best strategies for profitable trading.
XAGUSD: SILVER has anyone noticed ? "BIG MONEY" leaving5-WAVE of WAV-C Ending diagonal/ Correction lower is anticipated ... Coinciding with general MARKET CORRECTION. ...
This Count has been Working for a MONTH Now.
Silver Forming an H&S Pattern on a 3 hour time scale?It seems that Silver OANDA:XAGUSD is forming a Head & Shoulders pattern on a 3 hour time frame. This seems to be running against the expectation of a pending rally in precious metals.
SILVER downtrend setupprice direction: DOWNTREND
potential target price: 22.90
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Silver head and shoulders pattern Silver short after ranging across shoulder before drop. Target 22.5. Invalidated at 24.5.
SILVER - We rae scalping for a sell to the support or lowerTime for us to sell silver with an attempt to touch/test the support or break it and go lower
