XAGEUR Invest/swing buyHello everyone,
We are finding a bullish bat on XAGEUR, The entry will be divided into two, you can find them on the chart, everything as shown. trade with care. cheers
XAGEUR trade ideas
Short XAGEUR / Silver EuroFX_IDC:XAGEUR
Short XAGEUR Bullish weakness in play. Continuation. Previous Structure imbalance.
1W Channel Down continuation. Short.XAGEUR is trading on a 1W Channel Down (RSI = 26.364, MACD = -0.420, Highs/Lows = -0.7743, B/BP = -1.3920) on a steady bearish pace (as the neutral 1D CCI = -24.2424, Highs/Lows = 0 indicate). We are short, targeting 11.6000.
Silver Priced In EurosI'm currently traveling through Europe, doing a tour of Germany, France and Spain. Being the Gold and Silver bug that I am, I like to check the price charts in the currency I'm using.
Even priced in Euros, Silver is painting a deathly head and shoulders pattern, probing critical support. Even in Euros, the measured move projects down to below the 2008 low of 6.77.
I buy physical Gold and Silver more out of habit and as device of money management. But I will continue to hedge any purchases - the picture does not look pretty, even in Euros.
#XAGEUR Euro may fall because of the difference in the ECB and Fed rates
The Parabolic indicator gives a bullish signal.
The Bollinger bands have widened, which indicates high volatility.
The MACD indicator gives a bullish signal.
Silver/Euro Short Term and Long Term - Long ideaLong term target 18.50
Buying the pullback for getting a little profit in short Term.
Then take partial profit and we get a free risk position for long term changing stop loss to breakeven
XAGEUR Re-attempt short-37 week continuation descending triangle
-Possible 5 week horizontal range launching pattern (boundaries are not well defined)
-Second entry attempt
-Looking to put 40 basis points of risk initially, an additional 40 if conditions are favourable
XAGEUR short idea-34 week continuation decending triangle
-Possible 5 week horizontal range launching pattern (boundaries are not well defined)
-Looking to put 40 basis points of risk initially, an additional 40 if conditions are favourable
Good Opportunity for cheap Silver?Hey Guys!
Seems like a good entry point for silver!
We have a strong support and if we look at the MACD and the stochastic RSI, it seems like there is nothing wrong with an long term invest.
What do you think ?
Silver EURconfirmation for my second entry based on past analysis
EMA 50 Support
Bullish 61.8 fibo
Counter trendline break for extra confluence
Target is 16.300 z0ne which aligns with 61.8 bearish on bigger timeframe
silvereuroBullish 38.2 fibonacci
161.8 Target aligns with bigger time frame 61.8 retracement level
Counter trendline break and Retest
EMA 50 support
SILVERSilver has reached a critical support. I will stay out until price gives clues on future directions.
