XAGUSDSilver price is poised for a bullish move on the 4H timeframe, following the Elliott Wave 1-2-3-4-5 pattern. After completing the 4th wave with a 50% retracement, it’s now positioned within a bullish flag pattern. The setup suggests an impending bullish impulse move, confirming the continuation of the uptrend.
Xagusdbreakout
XAG/USD (SILVER / U.S. DOLLAR) BREAK OUTTitle/(Date): XAG/USD
Asset: SILVER
Order Type: BUY LIMIT
Time Frame:4HR
Entry Price 1: $26.780 (Pending)
Entry Price 2: $26.480(Pending
Stop Loss: $26,280
Take Profit 1:$27.280
Take Profit 2: $27.780
Take Profit 3:$28.280
Take Profit 4: $29.280
Take Profit 5 $30.280
Status: 🚨Pending🚨 /🏃🏽♂️Active (Entry 1)🏃🏽♂️
SUPERLONG BULLISH on XAGUSD W bottomXAGUSD aka SLVUSD or Silver (traditional) purchased a signifcant bounty of tangible coins as well as options/shares on ETFs.
I am SUPER bullish on Silver & it is set to seek a 400%+ increase in the next year (gregorgian) with upwards of 200%+ in the next fiscal year.
As we've discussed in the past; M tops & W bottoms are key indicators; please defer to this link below for more information on these indicators & why I'm so bullish on them.
sirforex.net
After failing to break thru the necessary resistance on the 200 MACD we are most likely due for further bearish which is rather unfortunate, though perhaps a signal that this is BEST time to start buying and accumulating as much crypto as possible
TARGETS and stop are set with green & red horizontals respectively; with teal line signaling pivot -- though targets are more midterm range; the LONGER TP will be updated evidently...stay tuned!
Have a wonderful Sunday!
- @a1mtarabichi
Disclaimer
NOT financial advise
Buy Silver Long Term - XAG/USD BullishWith the current situation going on in the world with trade wars among the highest economies and NATO and Russia kicking off some of the largest military exercises since the end of the Cold War, we can expect the price of metals to increase for the next few weeks as people would cash out their money from their banks and invest in a commodity because of the current uncertainty of the ongoing situation. breakingdefense.com
From the technical analysis side, XAG/USD is at its lowest since 2009. It hit this level 3 times since then. Once in 2015, next 2017 with its sudden crash and finally now.
It has been retaliating its bearish trend since half September and is currently trying to find support on top of the 50 EMA.
As it's in consolidation between the 50 EMA and 200 EMA on the 8H chart, we can expect a big move to happen eventually. Most probably to the upside. Give it some more time to confirm it's support on top of 50 EMA (A day or more) and you can invest.
The same situation is clear for any other metals. Wether it's XAU/USD or XCU/USD, it is the beginning of the reversal of it's multiple months of bearish trend. Although, for XAU/USD we would need to wait for it to pullback and find support for it to continue up higher.
*My point of view on what is going on and the interesting opportunity to arrise with the increase in price of commodities.
Make sure to do your own analysis before making any investment and never solely on the opinion of someone else.
Trade safe.
XAUUSD: All set for a bullish upward movementI believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal.
It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail.
Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades.
My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.