XAGUSD trade ideas
SILVER (XAGUSD): Waiting For BreakoutIt appears that SILVER is getting ready for a potential uptrend.
After analyzing the 4-hour chart, I spotted a falling expanding wedge pattern with a confirmed breakout above its upper boundary.
The main challenge for buyers now is the resistance level between 28.80 and 29.13 on the 4-hour chart.
If the bulls manage to surpass and close above this level, it will be a significant indication of a bullish trend.
Following this breakout, we can expect a bullish movement towards at least 29.60.
XagusdWe can see a nice fake breakout after forming a confimation pattern beloow which is W pattern indicationg the strong bullish momentum.
Wave Analysis of Silver. #XAGUSDLooks like wave (ii) has completed at 27.710. we can expect strong bullish candle of wave (iii) anytime soon, if the above count is valid.
SILVER WILL FALL|SHORT|
✅SILVER has retested a key resistance level of 29.20$
And as the price is already making a bearish pullback
A move down to retest the demand level below at 28.48$ is likely
SHORT🔥
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Bearish drop off 61.8% Fibonacci resistance?XAG/USD has reacted off the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could fall from this level to our take profit.
Entry: 29.11
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop stop: 27.88
Why we like it:
There is a pullback support.
Take profit: 28.35
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
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SILVER SELLSSells of silver off a key level. No candle confirmation as yet. Anticipating NFP to either wick me out or drive down
Bearish drop?The Silver (XAG/USD) has reacted off the pivot and could fall to the 1st support identified as an overlap support.
Pivot: 29.11
1st Support: 28.33
1st Resistance: 29.61
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Silver possible scenarios from technical analysis I'm very bullish on Silver and i expect it to get it 50$ but how long it will take, i can't tell, if your investing in physical, just buy it whatever the prices is now,
but for day trading and short term swing, this is my analysis and potential scenario, i don't even know how this thing havent skyrocketed yet, fundamental wise, it's as valuable as gold hedging wise but even more since it's very needed as a conductor since silver is the best, and with AI and electrical vehicle and potential war coming, should have been booming, specially that historical wise gold silver ratio was 1:30 but now it's almost 80, maybe big banks are short or manipulation or whatever, anyway, that's my two potential different scenario on silver,
white arrow is to see clearly how indecisive the silver path was, green arrow is the bullish scenario, and red arrow is the bearish scenario, i wish you the best!
SILVER SHORTSILVER
SHORT
PLEASE DON’T BE GREEDY
ENTRY POINT : yellow point
TP : blue lines
SL :
below red line for LONG POSITION
above red Line for SHORT POSITION
INSTRUCTIONS:
FOR risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
like, boost, be followers
PLEASE DON’T BE GREEDY
Silver - ShortTechnically, silver has faced resistance twice at the 61.8% retracement level, and we expect the previous peak to be retested. Additionally, when we examine the H1 timeframe, we see that the price has formed a double bottom at the 61.8% level, and by breaking the neckline, it confirms its desire to move upwards.
On the copy trade side, we made a pinpoint entry at the lowest level, and we will continue to keep our stop loss at breakeven until we see a clear reversal signal. Our target is to see an upward movement toward the previous peak.
SILVER: Move Down Expected! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 28.48833$
Wish you good luck in trading to you all!
Silver updateWhat is your opinion traders do you think it's gonna cover a gap to the right shoulder or not,according to my opinion it's not a must that market has to reach our expectations but it's good to move towards our direction n predictions soo far it has shift to the down side n any1 is allowed to take buying opportunities from this zone knowing that there is a gap that market might reach meaning money management is the one that will determine how long you gonna last in a trade.
Pullback resistance ahead?The Silver (XAG/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the overlap support.
Pivot: 28.78
1st Support: 27.92
1st Resistance: 29.63
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Silver SellXAGUSD has confirmed its sell mode and going to have a dive again we are having a counter trendline waiting upside which will be most probably rejected and the price will continue to move in its bearish direction ⬇️
Also the confluence is that price is moving under 50 SMA on 1 Hourly TF so we are over all according to our time frame so we will have a bearish trade based on price action confirmation
We are watching price closely before taking any other decision
