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XAG-USD

Silver USD Analysis on RenkoNothing big, just practicing some different techniques and wanted to share my chart for some feedback. I think between June and April there will be some opportunities for a good entry point into the market. If the price breaks the current .618 support then I see a trend reversal to the first entry point. As the market is closing into the cone, these entry points seem ti be great for some good longing opportunities. Please share your opinions with me about anything I should be considering so I can improve my analysis ability - Thanks :)
FOREXCOM:XAGUSD
by dbs2020
LONG Don't miss the great buy opportunity in XAGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (17.44). 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 70. Take Profits: TP1= @ 18.16 TP2= @ 18.70 TP3= @ 19.629 SL= Break below S2
OANDA:XAGUSDLong
by ForecastCity
3
Don't miss the great buy opportunity in XAGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (17.44). 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 70. Take Profits: TP1= @ 18.16 TP2= @ 18.70 TP3= @ 19.629 SL= Break below S2
OANDA:XAGUSDLong
by ForecastCity
8
Don't miss the great buy opportunity in XAGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (17.80). 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 62. Take Profits: TP1= @ 18.32 TP2= @ 18.72 TP3= @ 19.63 SL= Break below S2
OANDA:XAGUSDLong
by ForecastCity
13
Don't miss the great buy opportunity in XAGUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (17.80). 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 62. Take Profits: TP1= @ 18.32 TP2= @ 18.72 TP3= @ 19.63 SL= Break below S2
OANDA:XAGUSDLong
by ForecastCity
11
A second Chance to Buy in SilverMidterm forecast: While the price is above the support 16.55, resumption of uptrend is expected. We make sure when the resistance at 18.75 breaks. If the support at 16.55 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 16.55 is broken. Technical analysis: The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend. A trough is formed in daily chart at 16.90 on 10/01/2019, so more gains to resistance(s) 18.10 and maximum to Major Resistance (18.75) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 48. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (16.55). 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 (16.55). 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: 861 pip Closed trade(s): 630 pip Profit Open trade(s): 231 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. TP4 @ 17.20 touched at 2019.08.07 with 198 pip Profit. TP5 @ 18.10 touched at 2019.08.27 with 288 pip Profit. 8 + 38 + 98 + 198 + 288 = 630 pip Open Profit: Profit for one trade is 17.53(current price) - 15.21(open price) = 231 pip 1 trade(s) still open, therefore total profit for open trade(s) is 231 x 1 = 231 pip All SLs moved to Break-even point. Take Profits: TP6= Free
FOREXCOM:XAGUSDLong
by ForecastCity
6
A second Chance to Buy in SilverMidterm forecast: While the price is above the support 16.55, resumption of uptrend is expected. We make sure when the resistance at 18.75 breaks. If the support at 16.55 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 16.55 is broken. Technical analysis: The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend. A trough is formed in daily chart at 16.90 on 10/01/2019, so more gains to resistance(s) 18.10 and maximum to Major Resistance (18.75) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 48. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (16.55). 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 (16.55). 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: 861 pip Closed trade(s): 630 pip Profit Open trade(s): 231 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. TP4 @ 17.20 touched at 2019.08.07 with 198 pip Profit. TP5 @ 18.10 touched at 2019.08.27 with 288 pip Profit. 8 + 38 + 98 + 198 + 288 = 630 pip Open Profit: Profit for one trade is 17.53(current price) - 15.21(open price) = 231 pip 1 trade(s) still open, therefore total profit for open trade(s) is 231 x 1 = 231 pip All SLs moved to Break-even point. Take Profits: TP6= Free
FOREXCOM:XAGUSDLong
by ForecastCity
6