SILVER (XAG/USD) Day Trading Strategy & AnalysisSilver made descending triangle pattern and it's base range is 2.36 . Descending triangle pattern refer as a reversal pattern.
Currently, XAG/USD is in consolidation area, and playing at resistance trendline. This pattern has 1% chances to breakout upside. And if it will happen then we may see prices at $28.600 - $29.800+ .
DAY TRADERS:
In this situation, we should wait for the flat lower trendline breakout. And you can keep selling silver nearby LH level for support trendline (Target: $27 - $26.67060 ).
SHORT-TERM INVESTORS:
As I indicated in the chart, if the support trendline breakout happens then you can sell for target prices $25.85360 - $25.22460 - $24.44060 .
Please note before buy/sell you must identify fakeout, excess, or tail. If you need any help don't hesitate to ask, PM me.
Xagusdsignals
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)🏃🏽♂️
XAGUSD sell on H1Plan : wait for price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
XAGUSD, price is inside bullish trend channel! current price is inside bullish trend channel and uptrend price development seems neat and clear, we need wait price to breakout primary trendline resistance first and then buy when price bounce off from support level
Plan : trendline breakout --> wait for price to bounce off form horizontal / trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
XAGUSD sell on H3Plan : wait for prices to bounce off horizontal / trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
XAGUSD buy on H5Plan : wait for prices to bounce off horizontal / trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
SILVER Buy Signal (lower)Pattern: 1D Bullish Channel supported on Higher Lows.
Signal: Bullish once the price breaks the 1D MA50 and reverses. This is a standard sequence on every Silver uptrend (see the chart below). The ideal long term Buy Zone is within 16.625 - 17.365.
Target: Initial target 19.500. Extension much higher, updates will follow.
XAGUSD - SELL (Short) Trading Signal - IntradayI caught the bullish rally, even continued it after.
Bottom call:
Continuation:
Now I'm turning bearish on XAGUSD.
-----------------------------
XAGUSD - SELL (Short) Trading Signal - Intraday
Entry @ Market Price (approx. 17.30)
SL @ 17.65
TP @ 16.80 / 16.50 / 16.15 / 15.80 / 15.50 / 15.25 / 15.00
-----------------------------
As always,
Many pips ahead!
*More details about me in my signature.
P.S. Please support me with a like if you think I deserve it, thanks.