Xagusdtrade
XAGUSD approaching support, potential for a bounce!
XAGUSD is expected to drop to 1st support at 15.11395 where it could potentially react off and up to 1st resistance at 15.35743.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
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
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
XAGUSD approaching support, potential for a bounce!
XAGUSD is expected to drop to 1st support at 15.135 where it could potentially react off and up to 1st resistance at 15.525.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XAGUSD approaching support, potential for a bounce!XAGUSD is expected to drop to 1st support at 15.11395 where it could potentially react off and drop down to 1st resistance at 15.35338
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
XAGUSD approaching support, potential for a bounce!XAGUSD is approaching its 1st support at 15.036 where it could potentially bounce to its resistance at 1st resistance at 15.545.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XAGUSD approaching support, potential for a bounce!XAGUSD is approaching its 1st support at 15.036 where it could potentially bounce to its resistance at 1st resistance at 15.545.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XAGUSD approaching resistance, look out for a potential reversalXAGUSD is approaching its resistance at 15.14749 where it could reverse down to its support at 14.63819.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
DONT READ THIS!!!!!We have our target zone ( green box ) marked out ready for price to park itself in, this zone has been used as key support and resistance before as you can see.
Silver has been in a downtrend market since mid may 2016 and we can see this continuing until our target is hit, and as you can see from the bearish candles last week and this week there is still a lot of selling power around, after our target is hit we can see a lovely bullish market come into play as the US economy goes into recession.
What are your views on this trade? comment below.
SILVER LINING marked on the chart ( green line ) we have a key support level on the monthly, weekly and daily timeframe, we can see this been re tested again as price has made a nice bearish run the past week.
So we will be in a sell until we get to this level, you have to have patience in this game otherwise it will beat you up ( I am talking from experience haha )