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XAG-USD

A second Chance to Buy in SilverMidterm forecast: 15.60 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI bounced from the support #1 at 48 and it prevented price from more losses. A trough is formed in daily chart at 14.89 on 07/05/2019, so more gains to resistance(s) 17.20, 18.10 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 67. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (15.60). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (15.60). Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 6 BUY trade(s) @ 15.21 based on 'Valley' entry method at 2019.07.10. Total Profit: 492 pip Closed trade(s): 144 pip Profit Open trade(s): 348 pip Profit Closed Profit: TP1 @ 15.30 touched at 2019.07.11 with 8 pip Profit. TP2 @ 15.60 touched at 2019.07.16 with 38 pip Profit. TP3 @ 16.20 touched at 2019.07.18 with 98 pip Profit. 8 + 38 + 98 = 144 pip Open Profit: Profit for one trade is 16.38(current price) - 15.21(open price) = 116 pip 3 trade(s) still open, therefore total profit for open trade(s) is 116 x 3 = 348 pip All SLs moved to Break-even point. Take Profits: TP4= @ 17.20 TP5= @ 18.10 TP6= Free
FOREXCOM:XAGUSDLong
by ForecastCity
2
A second Chance to Buy in SilverMidterm forecast: 15.60 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI bounced from the support #1 at 48 and it prevented price from more losses. A trough is formed in daily chart at 14.89 on 07/05/2019, so more gains to resistance(s) 16.20, 17.20, 18.10 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 73. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (15.60). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (15.60). Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 6 BUY trade(s) @ 15.21 based on 'Valley' entry method at 2019.07.10. Total Profit: 438 pip Closed trade(s): 144 pip Profit Open trade(s): 294 pip Profit Closed Profit: TP1 @ 15.30 touched at 2019.07.11 with 8 pip Profit. TP2 @ 15.60 touched at 2019.07.16 with 38 pip Profit. TP3 @ 16.20 touched at 2019.07.18 with 98 pip Profit. 8 + 38 + 98 = 144 pip Open Profit: Profit for one trade is 16.20(current price) - 15.21(open price) = 98 pip 3 trade(s) still open, therefore total profit for open trade(s) is 98 x 3 = 294 pip All SLs moved to Break-even point. Take Profits: TP4= @ 17.20 TP5= @ 18.10 TP6= Free
FOREXCOM:XAGUSDLong
by ForecastCity
6
A second Chance to Buy in SilverMidterm forecast: 15.60 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI bounced from the support #1 at 48 and it prevented price from more losses. A trough is formed in daily chart at 14.89 on 07/05/2019, so more gains to resistance(s) 16.20, 17.20, 18.10 and more heights is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 73. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (15.60). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT , you have a second chance to buy above the suggested support line (15.60). Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 6 BUY trade(s) @ 15.21 based on 'Valley' entry method at 2019.07.10. Total Profit: 438 pip Closed trade(s): 144 pip Profit Open trade(s): 294 pip Profit Closed Profit: TP1 @ 15.30 touched at 2019.07.11 with 8 pip Profit. TP2 @ 15.60 touched at 2019.07.16 with 38 pip Profit. TP3 @ 16.20 touched at 2019.07.18 with 98 pip Profit. 8 + 38 + 98 = 144 pip Open Profit: Profit for one trade is 16.20(current price) - 15.21(open price) = 98 pip 3 trade(s) still open, therefore total profit for open trade(s) is 98 x 3 = 294 pip All SLs moved to Break-even point. Take Profits: TP4= @ 17.20 TP5= @ 18.10 TP6= Free
FOREXCOM:XAGUSDLong
by ForecastCity
6
A trading opportunity to buy in SilverMidterm forecast: While the price is above the support 14.80, beginning of uptrend is expected. We make sure when the resistance at 16.20 breaks. If the support at 14.80 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 15.55 on 06/21/2019, so more losses to support(s) 15.30, 15.15, 14.95 and minimum to Major Support (14.80) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 63. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (14.95 to 14.80). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (14.95) Ending of entry zone (14.80) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 15.15 TP2= @ 15.30 TP3= @ 15.60 TP4= @ 16.20 TP5= @ 17.20 TP6= @ 18.10 TP7= Free
FOREXCOM:XAGUSDLong
by ForecastCity
4
A trading opportunity to buy in SilverMidterm forecast: While the price is above the support 14.80, beginning of uptrend is expected. We make sure when the resistance at 16.20 breaks. If the support at 14.80 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 49 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 15.55 on 06/21/2019, so more losses to support(s) 15.30, 15.15, 14.95 and minimum to Major Support (14.80) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 60. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (14.95 to 14.80). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (14.95) Ending of entry zone (14.80) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 15.15 TP2= @ 15.30 TP3= @ 15.60 TP4= @ 16.20 TP5= @ 17.20 TP6= @ 18.10 TP7= Free
FOREXCOM:XAGUSDLong
by ForecastCity
6
XAGUSD near resistance, could possibly drop Price is approaching its 1st resistance (horizontal swing high resistance, 38.2% &50% Fibonacci retracement,100% Fibonacci extension) where it is expected to reverse down to its support (Horizontal swing low support,78.6% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDShort
by Tickmill
XAGUSD near key resistance, could possibly drop XAGUSD is approaching its resistance at 14.97(100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 14.62 (38.2% Fibonacci retracement,61.8% Fibonacci extension, horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDShort
by Tickmill
There is a trading opportunity to buy in SILVERTrading suggestion: . There is a possibility of temporary retracement to suggested support line (14.60). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XAGUSD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 69. Take Profits: TP1= @ 15.068 TP2= @ 15.335 TP3= @ 15.630 SL= @ 14.260
OANDA:XAGUSDLong
by ForecastCity
2
XAGUSD near key resistance, could possibly drop XAGUSD is approaching its resistance at 14.97(100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 14.62 (38.2% Fibonacci retracement,61.8% Fibonacci extension, horizontal pullback support). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDShort
by Tickmill
XAGUSD near key resistance, could possibly drop XAGUSD is approaching its resistance at 14.66 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 14.30 (78.6% Fibonacci retracement,61.8% Fibonacci extension, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDShort
by Tickmill
XAGUSD near key support, could possibly bounce XAGUSD is approaching our first support at 14.30(horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement ) where a strong bounce might occur pushing the price up to our major resistance at 14.66 (horizontal swing high resistance, ,23.6%Fibonacci retracement, 61.8% Fibonacci extension). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:XAGUSDLong
by Tickmill