XAGUSD01 trade ideas
Reversal into downtrend setup taken with DJ30 today explainedIn this video, I walk you through my entire thought process during today's trading session. You'll learn how I selected the pairs and executed three key trades:
* NAS Uptrend Continuation long (BE)
* Silver Parabolic Reversal Short
* DJ30 Reversal into Downtrend
I'll also provide a detailed explanation of the Reversal into Downtrend setup, helping you understand how to apply this strategy in your own trading. Reversal into downtrend is one of my personal A+ playbook setups. Don't miss out on these valuable insights and tips!
SILVER Buy Same zone around 33.000Hi Everyone,
Unfortunately our first CAPITALCOM:SILVER went to 3x from our entry and sharply fell back down. This is a rather aggressive re entry.
SILVER, Is it time to buy until the 35.000 mark!?
HI Everyone! In reference to the above, plese check it out. If TVC:DXY Is going to pullback here, I expect Silver to rise to close to the 35.000 mark, but at the same time, We have a 2nd leg pullback in another grey zone as on the chart.
I believe its a significant volume zone that if it rejects, we might come back to my entry price again for either:
1. A 2nd opportunity to buy.
2. It will break lower.
Silver long term view Silver is yet to confirm it's breakout from the 6 year bullish wedge accumulation after breaking out in 2020.
Since then we've seen consolidation in the range between 20 - 30.
Short term target of 36 after confirmation using the fib extension, but this, as we all know has the potential to go miles above that.
A classic double bottom to wrap it all up I'm sure would take place as shown on the chart.
All the best.
Cheers,
Sky
XAGUSD - 1H BullishOANDA:XAGUSD is showing strong bullish momentum, particularly as we approach late October 2024. On the technical side, the current chart presents a series of three bearish pullbacks, each one weaker than the last, suggesting the bearish trend is losing strength. Silver has now reached a key support zone, which aligns with the end of the bearish phase and a potential upward reversal. The breakout is likely, supported by bullish signals from the trend line and weakening bearish pressure.
From a fundamental perspective, there are several factors supporting this bullish outlook for silver. Global demand for silver, particularly in renewable energy sectors and industrial uses, continues to grow. In October 2024, silver prices have also been supported by increasing inflation concerns and the weakening U.S. dollar, as noted by various market analysts. Additionally, silver remains above critical moving averages, further reinforcing the possibility of continued upward momentum.
With a strong technical foundation and supporting fundamentals, silver looks well-positioned for a rally in the coming weeks. Keep an eye on key resistance levels and potential macroeconomic developments for further confirmation of the bullish trend.
XAGUSD STILL DEEPING As stated before, if you snooze you lose, silver is still gonna go short untill It touches the zone before going long. You can look for every in small TF And go short now. Do well to like and follow me
Silver (XAGUSD): Anticipating a correction after new local highsTwo out of our three Silver positions remain active, with Silver reaching a remarkable high near $35. Today, we decided to fully close our second position, locking in substantial gains. The first position, initiated at $26.30, will remain open with a stop loss placed slightly below $26, aligning with the high-timeframe support and wave 1 level.
Given current analysis, a correction in Silver may be on the horizon after reaching the minimum target for wave 3. With increased Treasury yields and some profit-taking, Silver could face resistance in climbing further, especially considering the upward trend in yields.
While we cannot predict the exact speed of this potential downturn, if it unfolds as expected, we’ll look to re-enter with Silver certificates around the $30 to $28.30 range. The ideal correction would see a pullback toward the volume range high and a subsequent bounce within the 61.8%-78.6% Fibonacci zone, which we’ll confirm once wave ((a)) is established. Stay patient and focused, as volatility is expected to rise with the upcoming presidential elections.
SILVER: Market Is Looking Down! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 32,80376$
Wish you good luck in trading to you all!
Silver’s U-Turn: Head & Shoulder Formation Triggers Sell Signal● After breaking out from the Rounding Bottom formation, the price soared to an impressive peak of $34.87.
● Subsequently, a consolidation phase unfolded, leading to the development of the Head & Shoulder pattern.
● We expect a swift drop once the neckline is breached, potentially retracing the price back to its earlier breakout point.
Key levels to watch
● Entry : Below $33.4
● Potential Target : $32.7
● Stop-loss : Above 33.7
XAGUSD(Silver) - Trend Reversal patternFrom a technical perspective, XAGUSD is under the formation of a Head & Shoulder Pattern.
I'm expecting XAGUSD to turn bearish in the coming days .
A close below the neckline(33.46100) in 4hr should confirm the reversal.
I'm expecting Silver to reach 32 - 31.500 levels in the coming days.
Good Luck with your trading plans!
Silver Outlook for a short-term setupShort term setup recovery for silver could be triggered by liquidity grab and increase in demand for commodities. Silver is not taking its real pricing position compared to historical correlation between silver & gold.
This is not financial advice, but rather an idea
SILVER - Confluence of Head n Shoulders and Divergence A clear cut formation of head and shoulders pattern and powerful divergence on MACD can be seen and then there is a fair value gap to be filled as well. We seem to be going into pull back till support level.
SILVER (XAGUSD): Your Trading Plan For TodaySilver is currently in a strong uptrend, with the price recently reaching a new high before retracing to a key support level.
To potentially short the pair with confirmation, keep an eye out for a head and shoulders pattern on the 4-hour timeframe. A breakout below the neckline, confirmed by a 4-hour candle closing below 33.40, would indicate strong selling pressure.
This could lead to a bearish reversal towards the 32.47 level, based on a rising trend line and horizontal structure.
It's important to note that the neckline currently represents a strong demand area, so it's advisable to only consider shorting after a confirmed breakout.
XAGUSD Bull Flag to test the strength of the MA50 (1d).Silver has completed a Cup pattern with the price breaking above it this week.
Yesterday's pull back may start a Bull Flag, delayed Handle of the Cup, same as the mid April Bull Flag that gave an excellent buy above the MA50 (1d).
Trading Plan:
1. Buy on the 1.0 Fibonacci level.
Targets:
1. 38.500 (the 2.0 Fibonacci extension).
Tips:
1. The RSI (1d) is also trading on a similar pattern as April. A neutral (1d) RSI is perhaps the most efficient buy signal there is.
Please like, follow and comment!!
Notes:
Past trading plan:
Correction Silver H4. 24.10.2024Correction Silver 📉
The correction in silver started a bit earlier than the expected zone, so I'm clarifying the situation. Buying zone is important at 31.31-32.17 and slightly above the margin with support level. I am still aiming for 35.50 and higher after the end of the pullback. There were no strong culmination volumes at the top, so it is more likely that a pullback is forming downwards.
CAPITALCOM:SILVER
SILVER: Local Correction Ahead! Buy!
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 upside. So we are locally bullish biased and the target for the long trade is 34.36554$
Wish you good luck in trading to you all!
Silver ready for take-off! Looking at weekly, Silver looks fully ready for a massive run in the coming months!
First target: 44
Fasten your seat belt!
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Order Block
CHOCH
Fibonacci Level - 61.80%
Bullish Channel as an Corrective Pattern in Short Time Frame
XAGUSDXAGUSD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
XAGUSD SHORT PROJECTION As you can see on price is Forming the double head and shoulder and it you zoom to the 1D timeframe, you will see price is retracing back to the demand zone for a very impulsive Long. You snooze, you lose
SILVER BUY XAGUSD(SILVER) BUY
ENTRY 33.79
SL 33.37
TP 34.29 , 34.46, 34.73 AND 34.84
The market trend is highly bullish, having made an all-time high over the last 10 years. This week, it broke its last resistance to the upside and is now retesting that resistance, which has turned into support after the breakout.
On the 1-hour chart, the market has formed a double bottom pattern, and the neckline of the pattern has been broken to the upside. We will take the trade on the retest
Silver H1 | Potential bearish reversalSilver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 34.18 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 34.70 which is a level that sits above the 78.6% Fibonacci retracement level and a pullback resistance.
Take profit is at 33.56 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
