Get started

XAG USD ( Silver / US Dollar)

Strifor || GBPUSD-Week StartingPreferred direction: SELL Comment: The situation for the British pound is very similar to the situation for the euro. Here we also clearly continue to maintain sell-priority and continue to keep the trade short, according to the previous scenario. Within this week, we expect a fall to the level of 1.28000 , and against the backdrop of the liquidation of buyers who opened long trades after the breakdown of 1.28000 , we can expect a further fall below this level. In other words, we are dealing with a possible false breakout. Scenario №2 is a backup scenario, according to which, before falling to the specified targets, the instrument will first update the local maximum at the level of 1.29000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
3
XAGUSD Time to turn bearish.Silver (XAGUSD) almost reached the 25.000 Target that we set almost a month ago (February 15, see chart below) but as it seems to fail to touch the 0.786 Fibonacci level, it is time to take the profit earlier and turn bearish: At least this is what took place on July 20 2023, a rejection that started wave (e-f) back inside the High Volatility Zone that touched the 1W MA100 (red trend-line). This line has basically made contact with all corrective waves since the long-term Triangle pattern started on May 05 2023. As a result, taking also into account the 1D RSI which has almost hit the 70.00 overbought barrier like on July 19 2023, we are now bearish and targeting 22.500 (expected contact with the 1W MA100). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAGUSDShort
by TradingShot
Silver Testing 4H Channel Resistance; Bullish If BrokenSilver is trading sideways since 2021, a move that can be a corrective because of choppy and overlapping price action. Ideally, its a very big triangle in progress, with final wave E in play, which can be in late stages now, so ideally prices will stabilize in weeks ahead. We can already see that the price on 4h time frame is turning up from projected 21.50-22.00 area, which is the first potential but strong support area for wave E. So if we are correct then metal can turn higher, but for confirmed bullish reversal we need an impulse out of a downward channel and through 23.50 lv.
SAXO:XAGUSDLong
by ew-forecast
Strifor || GBPUSD-NFP SetupPreferred direction: SELL Comment: As part of the upcoming strengthening of the American currency , as well as the upcoming NFP , we expect a fall in the GBPUSD currency pair. At the moment, the process of eliminating sellers is being completed, and in the very near future, the market will begin to actively buy at market prices. Thus, this will provide an opportunity for the limit buyer to fix long positions and drop the price. In addition, the area near the level of 1.28000 is a serious obstacle for the buyer, and within the framework of a long-term retest of the indicated resistance, it is most likely that the instrument will go for a correction. Scenario №2 assumes more medium-term parameters of the trade, if the preliminary upward movement turns out to be significantly greater than what we expect. We place the downside target at the level of 1.27100 , slightly above the liquid area at the level of 1.27000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || GOLD-Week StartingPreferred direction: BUY Comment: Previous long-trades in gold and silver have been completely fixed with profit, but short-trades are out of the question. At the moment, there is a strong limit buyer working for metals, and most likely the price is heading to a historical maximum at the level of 2140 . This week is rich in the publication of economic data, so an approach to this target at the level of 2140 is not excluded at the moment. We highlight two main scenarios with a common target at the level of 2140 , after which we can try to enter a short-term sale. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
5
Strifor || GBPUSD-Week StartingPreferred direction : BUY Comment: The British pound continues to be the most promising major currency pair to rise amid so much accumulated selling. Here, we continue to adhere to the previous plan, and events strictly develop according to scenario №2 . The growth target is the level of 1.28000 , or more precisely the area near it, since most likely, as part of a long-term retest of the resistance at the level of 1.28000 , the price will rebound downwards. It should be noted that the long-term prospects for the British currency will most likely develop above the level of 1.28000 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || EURUSD-Week StartingPreferred direction: BUY Comment: We continue to consider the euro in favor of buyers, especially until the target at 1.09000 is crossed. Above this level, there is a target of 1.10000 , which the pair may approach quite easily, since there is an accumulated resource for this. This potential movement will develop within the framework of scenario №1. Scenario №2 is quite different from Scenario №1 , although the direction of the deal is the same. The reason is that the next potential buying area is 1.07500 , and short trades are not yet considered by us. The likelihood of such an option is unlikely, but it cannot be excluded, and if something happens, we will actively use it. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || SILVER-05/03/2024Preferred direction: BUY Comment: As we wrote earlier in trading ideas for Gold with a perspective for this week, all long trades in metals were closed. However, this is not the end of the growth and most likely gold will go to the maximum at the level of 2140 , and silver to the resistance of 24.20 . Therefore, just like for gold , we are considering two long scenarios for silver , where, of course, scenario №1 is still more likely. We consider the target no higher than the level of 24.20 , since in this resistance area of 24.20 - 24.40 the instrument will either enter into consolidation or a downward correction will begin. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAGUSDLong
by Strifor
1
Strifor || USDCAD-05/03/2024Preferred direction: SELL Comment: Medium-term shorts continue to be relevant for the USDCAD currency pair. As we said earlier, scenario №2 is more likely and even more effective. At the moment, there is a fact of accumulation of market longs, which provides a so-called resource for a fall. Here we note the presence of a limit buyer for CAD . Also, do not forget that this week we will have a decision from the Bank of Canada on the interest rate, which of course will affect this currency pair. The fall is currently expected towards the level of 1.35000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
3
Strifor || GOLD-06/03/2024Preferred direction: BUY Comment: Metals continue to be ahead of everyone, and here all the parameters for entering a long remained exactly the same, that is, at the beginning of the week, the setup for long remained the same, and we are actively trading according to scenario №1. At the same time, we are gradually approaching our target at the level of 2140 , where the historical maximum of gold is located. According to the same scenario №1 , near this level, one can consider a fairly effective setup for a rebound when the historical maximum is reached in the frameworks of the first test. One can count on a downward movement within the daily statistical norm for instrument movement, that is, ~2000 points . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
1
Strifor || EURUSD-06/03/2024Preferred direction: BUY Comment: The middle of the week has come, and, as we said at the beginning of the week, a rather eventful economic calendar awaits us. The buy priority for EURUSD remains relevant, which was also indicated at the beginning of the week. The growth target is located at the level of 1.09000 , and there is also a possibility that the instrument will try to grow towards 1.09500. As part of today, two long scenarios are proposed, where the more likely scenario is №1 , according to which, before moving to 1.09000 , a false breakout will be formed in the area of the level 1.085000 . Perhaps the deal will last until tomorrow. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
SILVER Set To Fall! SELL! My dear friends, Please, find my technical outlook for SILVER below: The instrument tests an important psychological level 23.742 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 23.311 Recommended Stop Loss - 23.928 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDShort
by AnabelSignals
2