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Silvershort

XAGUSD-Silver Medium TermMy previous recommendation on Silver to short at 17.30 for a target to 16.85 was successful, For now a top of the head & shoulder pattern is completed, expecting for the right shoulder to be formed to confirm the pattern. Intermediate trend looks to be bearish now as it broke the multi-days bull channel & all momentum indicators are turning bearish so a lower top is needed for confirmation of the bearish trend. Strategy: Short on a bounce around 17.03-22 for a target to 15.87, tight stop above 17.41
FX:XAGUSDShort
by UmarAbdurRehman
Silver respecting Weekly Resistance trendline 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 seemed to have occured during london patience is key! Looking for entries all next week but watching friday and sunday. SL: Above 17.361
FX:XAGUSDShort
by HeliosFX
Nice Silver trade possibilities. Bearish and than Bullish. A possible inverted Head and Shoulder pattern possible in silver. Presently rejected thrice from the neckline (around $16.90 - $17.00) and possibly going to make the right shoulder until ($15.40 - $16.00) and then shoots up until ($18.00 - $18.50). Its an idea for possible moves but not any advice for trade setups. If it matches with your analysis than it might be worth sharing in the comment section and do comment if there is other possibility. I am learner and prone to make mistakes. Good luck and trade wisely. Money is yours :)
FX:XAGUSDShort
by danrindia
GOOD SHORT POSSIBLE FOR SILVER (XAGUSD)Strong possibility that XAGUSD will continue to fall. We can see that there is a channel of ABC and 12345 waves which are quite consistent. It's still very early as it may be ending its channel. It's now important to look for a flag or a correction that confirms a BULLISH movement, the formation of an uptrend channel as it breaks out. Signifying a reversal instead. (In Blue) A strong BEARISH movement followed by a flag will confirm the short. Let me know what you think!
OANDA:XAGUSDShort
by Joshua_nate
Silver Ready For Bounce BackSilver on the daily time frame is now at the lower range and looks ready for a bounce back up. As you can see the shape of the range is a bullish wedge. Meaning: a high chance to break to upper range and continue in an upwards trend. How ever as you can see theres still a bit of space left. My prediction is that after going to the upper range, there will be 1 more wave down to the lower range before a bounce that will break the upper range and lead to a new trend up to 18.400. Trading advice: Buy The Dips SL: 15.200, take small buy positions and be ready/able to add more buys every 0.400 dip or 0.200 increase TP: 17.800-18.400
COMEX:SI1!Long
by JoshFX1
GOOD PROFITS ON SILVER!BUT NOW WHAT?Very good entry on this last counter leg bounce of silver. A lot of traders ask me now what? Now the current trend line on hourly chart has lust broken.You can wait for a re-test of the trend line nad short it. Keep in mind that fundamentals stay unchanged supporting a price near 15$/OZ area. TECHNICALLY 1.WE CAN SEE THE 61,8% FIB RETRACEMENT OF THE INITIAL DOWNTREND THAT PRICE TRIED AND COULDN'T CHANGE THE MID-TREND UP. 2.MARKET GEOMETRY MEANING THAT IF WE DO THE SAME PROCESS AS WE DID AT MY PREVIOUS ARTICLE WE COPY THE ED RED LINE AND WE TAKE THE E'D' RED LINE THAT OCCURS AND WE PLACE IT AT THE CURRENT BOUNCE. 3.THE PRICE LINE THAT OCCURS IS AROUND 15,300$/OZ AREA THAT IT HAPPENS TO BE THE TOP LINE OF THE DESCENDING MID-TERM CHANNEL. 4.WE HAVE RSI DIVERGENCE ALREADY ON 1H AND 4H CHARTS. 5.STOCHASTICS IN OVERBOUGHT AREA. 6.THE 15,300$/OZ IS ALSO THE 1,618% FIB EXTENSION OF THE LAST E'D' COUNTER TREND BOUNCE WE HAD. 7.AT 15,300$/OZ WE HAVE A STRONG RESISTANCE ALSO AND A BULLISH ADVANCE PATTERN COMPLETION WHICH I WILL POST A NEW ARTICLE SOON. 8.AS WE SEEN AT HISTORY PRICE AFTER EACH SELL-OF RALLY DIDN'T RETRACED ABOVE 88,6% FIB RETRACEMENT INCLUDING THE WICKS SO WE WILL PLACE THE BUY STOP ABOVE THIS AREA. POSSIBLE TRADE: FIRST TARGET AT 16,300$/OZ AT PREVIOUS LOW STRUCTURE AND 61,8% FIB RETRACEMENT OF THE UPWARD MOVE. SECOND TARGET AT 15,300$/OZ AREA FOR THE REASONS MENTIONED ABOVE. BUY STOP AT 18,100-18,500$/OZ DEPENDS ON RISK APETITE ABOVE PRECIOUS HIGHS AND ABOVE 78,6-88,6% FIB RETRACEMENT OF THE LAST COUNTER RALLY. THANK YOU FOR SUPPORT! HAPPY TRADING!
TVC:SILVERShort
by The_Greek_Trader
Silver Sentiment Back To Sub 17When look at silver on the daily time frame you can see that it has broken the lower range of a small channel and is now heading to the lower range of the bigger channel. Given by the looks of the Indicators it looks like theres enough selling pressure and strength for silver to break through this lower channel and 14 EMA level. The previous up wave got rejected at the 72 EMA instead of breaking it. If you can see this also often means that price will retrace back. Entry: 17.100-17.300 area. Tp: 16.700 > 16.300 > 15.800 Sl: 17.700
COMEX:SI1!Short
by JoshFX1
Silver still BearishSilver is still bearish when looking at the indicators. I expect it to touch the lower range around 17.5 and a possible break of the range from that point. The past years silver seemed most comfortable in the 15.500-16.800 zone. This sunday we have the french elections, I personally expect that Le Pen wont win, giving the Euro a boost on monday. However I also see a decrease in safe havens because of this which means gold and silver will drop even though the euro will climb. Trading advice: Sell the spikes or if your equity allows it sell it at current market price and be ready to add more along the way or spikes.
TVC:SILVERShort
by JoshFX1