XAGUSD (Continuation) SHORT; SILVER SELL, ready to sink - again2nd chance to get on board or to reload those SHORTs.
Here is the previous post;
Silvershort
Silver could dropIn yesterday's comment I said that 24.40-24.50 is the line in the sand for Silver and as we can see from the chart, XagUsd stopped its ascent just under this level.
Similar to Gold we can have a correction also here and a drop under 24 should clarify things.
23.50 and 23.00 could be good targets for bears with 1:3 R:R in the case you target the later.
On the other hand, a break above 24.50 would call for a 25 zone test (trend line)
Silver / USD Educational Analysis
This 1 Day period analysis show us Bearish Triangle and Sholder-Head pattern. I think, If won't happen break point start down trend for silver.
XAGUSD Silver Welcome back guys
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not Financial Advice.
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Previous 3 Months silver in a channel path you can see that in the graph, if not break the resistance red line on the channel, you can take the sell shot
SILVER
STOP LOSS 26.00
SELL LIMIT 25.40
TAKE PROFIT1 24.30
TAKE PROFIT2 23.30
TAKE PROFIT3 23.30
Good Luck,
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Enjoy The Trading Guys
Silver- should be sold above 25Like its bigger brother, Gold, Silver took a punch last Monday and the price dropped more than 10% in just one day.
Once it hit the ascending trend line Silver started to recover and managed to close the week above 24.30-24.50 congestion.
XagUsd remains heavy though, and I expect a new leg down soon.
I will look to sell rallies above 25 zone and only a daily close above 26 would change my bearish outlook
SILVER Update: shortSame as Gold, silver is also in a downtrend.
NOTE: Not a recommendation. Just an opinion.
Silver bearish analysis Hello traders
Silver currently working on wave B and it's heading to another decline with targets shown on chart
Thanks
Silver- under 20 till year's end?Like gold, silver fell aggressively Monday after the vaccine was announced.
The price stopped falling just under 24 and into the uptrend line support, recovered some of the losses after and now is consolidating.
The chart structure is very bearish as long as the price stays under 25 and I expect it to break under support.
Such a break could drastically accelerate losses and we can see Silver dropping under 20 figure.
A sell trade with a SL above 25 could have a GREAT R:R of at least 1:5
Long ZSLSince Nov 2015, SLV is always not held well in Nov, and an opportunity for long ZSL is here. Entry price 8.4, aiming 10.5 or even higher. If ZSL drops to 7.8 in the next few days, I am adding more. Stop loss is loose around 7. Betting on the retracement cycle of silver repeats itself.
SILVER testing the 0.382 fib level 🦐SILVER after hitting and attempt to break the daily resistance area at 25.5000 created a sharp bearish leg.
The price hit the lower trendline of the minor ascending channel and started a retracement move.
Now the market hit the 0.382 fib level and IF the price will break and close below the support structure and consequently break the channel, we will set a nice short order according to Plancton strategy.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
XAGUSD SilverSilver in 4H timeframe. Silver had a strong rejection on Daily timeframe´s Resistance zone . Waiting for shorting entries coming up next.
Short opportunity on SilverEntry: 25.5
SL: 27.8
TP: 20.2
More signals on TG channel
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Trading Kitchen
Correction Silver is not completeThe close below the pennant is almost complete. If this is the case we need to aim for a strong support level (like 20). But first let's see if it's testing 22,7.
silver Update (triangle formation? )Hello Traders
today's analysis is bearish. currently working wave B on minor degree. wave c of C of a triangle pattern is almost completed and heading to wave D. This analysis is wrong is price goes above 25.84
SILVER XAGUSD analysis 05 Nov 2020Hi Assalam-o-Alaikum , Dear GooD Afternoon Hope you are well and enjoing your trading , i'm here with my new analysis of SILVER
SILVER XAGUSD analysis 05 Nov 202 0
I hope my analysis will help you in your trading best of luck
share your point of view about SILVER in Comment section , Thanks
OANDA:XAGUSD
FOREXCOM:XAGUSD FX_IDC:XAGUSD
Silver Mini Buy / Sell based on FIBO and GANNSell Silver M at 60280 Stop Loss 60510 Target 59380 / 58400
Fibonacci and Gann always rocks follow us support us and research with us
SILVER/XAGUSD - Stay PatientAlthough price does look like it is breaking the bearish flag formation it has created, I would be extremely wary of a strong approaching supportive level coming up, price could very easily reverse from this point. What I will be waiting to see is a clear break of the supportive level marked followed by a re-test and rejection before entering a sell position.
COT Data - 71% Long
Sentiment Data - 89% Long
SELL SILVER/XAGUSDSELL SILVER/XAGUSD, at this moment, it looks like a good entry to sell silver on the 4Hour chart for a 1:1 risk to reward ratio.
Silver- Back to 23 soon?As always, Silver is more "Technical", easier to read and more straight forward than Gold...
After the drop to 22, the price rose in a clearly corrective way, overlapping
Now the price lies just above confluence support and I believe (As for Gold) that this support will fall and the price will drop.
My target for Silver is 23 and a sell trade with a SL above 25 can have a R:R of more than 1:2
What's up for Silver next? (8H)SILVER is pointing to the US Elections as being the time for a next move.
The trends im looking at seem to point to a move down, but the trend is only your friend until the end, and then he’s a heartless scumbag.
Which way do you think it will go?
