XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Break of Structure
RSI - Divergence
CHoCH
Bullish Channel as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
XAGUSDG trade ideas
Gold & Silver analysis for the closing day of the post Fed weekGold & silver analysis for the closing day of the post Fed week. Interesting sessions ahead with the price high up, but maybe not high enough with bullish targets still eyed in a broken out bullish market. On the other hand, we have inside day signals days, money down below and it's Friday - anything can happen into the closing day of the week on day 3 of a 3-day cycle.
Silver- This is probably one of the scarier charts I've madeSilver seems move in cycles of currency reset. Here you see 3x currency resets, one is the end of the British empire, the next is the potential end of the usd. And the one we are about to enter? Probably digital currency. But who knows. Buckle up people
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 30.94189$
Wish you good luck in trading to you all!
SMALL DECLINE ON SILVER??The base of the top range on the 15 min has been tested and is holding which might indicate little to no bullish momentum at the moment. Might be a good time to short as price is likely headed towards the inverse support level which is also the base on the 15. A 5 min bearish trend is already holding.
ONLY TIME WILL TELL.
Silver's Breakout Imminent: Fed Rate Cut Sparks MomentumThe Federal Reserve's interest rate cut paves the way for silver's potential breakout. Historically, decreasing interest rates have driven precious metal prices higher. Technically, silver's false breakdown below the channel's lower bound, followed by a potential breakout above the upper bound, suggests a strong move towards the $50 highs.
Silver's diverse industrial applications – including electronics, solar panels, medical equipment, and renewable energy technologies – position it for increased demand amid the global shift towards sustainable infrastructure. This potent combination of monetary policy and industrial demand could propel silver's upward momentum.
Silver sell idea?Silver seems to consolidate and formed a lower high for a possible trend reversal. We look for sell opportunities with proper risk management. Remember that market is still very volatile.
Silver's Pattern Silver is clearly Bull flagging. Next major resistance will be $36, roughly. I went back and looked at the run-up to 2011 high. The chart patterns are very similar. I also noticed in 2010-11 era, silver's consolidation before run up happened in $17 range. This time it's in the $30 range. So Silver has adjusted in its own way to inflation. So if I add $13 to Silver's 2011 high gives me a price target of $63. Hope this helps. Good Hunting
KOG's RED BOXES - SILVERSILVER:
Key level here is 29.63 with the bias being bullish above.
Retracement needed with support just below at the red box which will need to break to go lower.
Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Silver XAGUSD Next Stop $36 Around No Later Than Q3 2024There are a series of bullish technical conditions on silver's monthly chart that suggest significant upside potential going into 2024.
Those conditions are as follows:
An Ideal Bullish Ichimoku Breakout on the monthly chart - if XAGUSD can close at or above $24.56.
The DTO returning above the zero line.
Hidden bullish divergence between the candlesticks and the Composite Index.
Inverse H&S Pattern
SILVER Potential Short! Sell!
Hello,Traders!
SILVER keeps growing but
The price will soon hit a
Horizontal resistance of 31.78$
From where we will be expecting
A local bearish correction
Sell!
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Check out other forecasts below too!
Silver May Have Space to the UpsideGold has been rallying to new highs recently, and now some traders may think silver can play catch up.
The first pattern on today’s chart is the pair of converging lines this year. Notice how XAGUSD has been pushing against the upper line since Friday. That may be viewed as the start of a breakout.
Second, prices held a peak from late August. Old resistance becoming new support is also consistent with a potential uptrend.
Next, MACD has turned positive. Prices are also near their rising 100-day simple moving average. Those may suggest bullishness in the short- and longer terms.
Speaking of the longer term, the second chart with two-week candles shows the white metal over the last 15 years. Notice how it’s recently consolidated above its 2023 peak and is now challenging resistance from 2020 and 2021. Traders may also notice the long-term peaks near 50 back in 2011. Could there be moves toward those old levels?
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Silver pushing up against resistanceGold was trading below $2,570 ahead of the Fed’s announcement. It topped $2,600 to hit a new intra-day record on news of the 50 basis point cut (bps) before reversing sharply and breaking below $2,550. Since then, it appears to have found a floor and has been pushing higher throughout the morning. Silver has traded in a similar, yet more volatile, pattern. The main difference between the two is that silver managed to exceed its post-Fed high today, while gold has not. The 50 bps cut was the high end of expectations. Prices of all risk assets swung wildly on the news, and it’s only since the Asian Pacific session got going that this steady upside move became established. The rate reduction has been dollar-negative, and so good for assets priced in dollars. Risk assets are also getting a boost from the FOMC’s quarterly Summary of Economic Projections which forecasts an additional 50 bps of cuts before the year-end. But yesterday’s volatility in the wake of the announcement should provide a warning. Prices rarely go up or down in a straight line for very long. Gold is in uncharted territory, so picking new levels of resistance relies on projections which have yet to be tested. But silver is currently pushing up against prior resistance around $31.35, with $32 beyond that. The next few sessions could prove to be a big test for the metal, which could see bullish sentiment take a hit on another significant pull-back.
#silverafter silver uptrend move now we are at the point where from a u turn is possible if the price goes above 31.75 than new rally will come if the price will go below 29.5 than we can see at 28. so the best is wait for breakout &breakdown for more follow on X deepu669
no buy sell recommendation
SILVER: Move Down Expected! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 30.95796$
Wish you good luck in trading to you all!
Silver 1D Short Trade : Retracement After Bullish MomentumAfter observing strong bullish momentum in silver over the past few days, the recent price action suggests the potential for a retracement. This setup is based on the daily chart, indicating that silver might be approaching a temporary peak. The anticipated move is towards the 29.800-29.600 area.
The trade is not intended to be short-term but rather based on a daily timeframe, which could span several days or even weeks. The key signal for this trade will be if today’s daily candle closes bearish, confirming the weakening bullish momentum and setting up a favorable short trade.
Trade Setup:
• Entry: Anticipated upon confirmation of a bearish daily close.
• Target: A retracement towards the 29.800-29.600 area.
• Stop-Loss: A tight stop-loss has been placed to manage risk. This will be adjusted as the trade progresses based on daily price action.
Risk Management: Since this is a trade based on the daily timeframe, it’s important to manage the position with the understanding that the trade may take time to develop. The stop-loss is placed tightly to protect against any sudden reversals, but as the trade progresses, it will be adjusted accordingly. This strategy allows for dynamic risk management, where profits can be secured incrementally if the market moves in our favor.
This trade idea is built on the expectation of a cooling down period after recent bullish activity. The key will be the daily close, and traders should be prepared to adjust positions based on evolving market conditions. Stay patient, manage your risk carefully, and let’s see how this trade unfolds.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
XAGUSD Shorts to continue Patiently waiting for London to tap into a premium pricing.Potentially enter on 31:930 .
For a juicy 1:3 .
Silver 91824About to make a push up to 35 as gold holds its strength. Gold could still pull back quite a bit and still remain bullish af.
I want to see alot of volume and momentum
Evening Star pattern The Evening Star pattern is a technical analysis tool that signals an upward price momentum's reversal to bearish momentum. The pattern rarely appears, but it is considered a reliable bearish indicator. The Morning Star pattern is also a trend-reversal pattern, which is bullish and gives a buying signal.
SILVER:Market Is Looking Up! 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 30.63374$
Wish you good luck in trading to you all!
Swing trade on silverHello, Silver been bouncing up and down for a month now, let's determine those zone, and the most probabilistic scenario supported by fundamentals.
We are stuck in this range between 28 and 32, and no sign of it being over, this is a swing trade idea, take a small positions and forget it, only check if previous high is broken and minimize your risk but as long as new low are created, you can keep it, i've already entered a short position.
Fundamentals: market is pricing at 40% a 50bps rate cut, i truly believe the rate cut will only be 25bps, which is supported by my technical analysis, this is a swing trade, entered short at 30.92, first tp is at 29.5 and second tp is at 28.7
Chart Patterns and Key Signals in Live TradingChart Patterns and Key Signals in Live Trading
Chart patterns are powerful tools used by traders to predict future price movements. These patterns emerge from the price action on a chart and provide visual signals that help traders make informed decisions. Understanding and recognizing these patterns in live trading can significantly improve your ability to forecast potential price trends and execute successful trades.
What are Chart Patterns?
Chart patterns form when price movements of a security, such as a stock or currency pair, follow a recognizable formation or trend on a price chart. These patterns represent the collective sentiment of buyers and sellers, indicating periods of consolidation, continuation, or reversal. Traders use these patterns to anticipate where prices may move next and to identify high-probability trading opportunities.
Key Types of Chart Patterns
Chart patterns can be categorized into two main types:
1. Reversal Patterns: These indicate that the current trend is likely to reverse.
2. Continuation Patterns: These suggest that the current trend will continue after a brief pause.
Common Reversal Patterns
Head and Shoulders
Description: The head and shoulders pattern signals a trend reversal. It has three peaks: a higher peak (the head) between two lower peaks (the shoulders). The neckline connects the lows between the two shoulders.
What to Look For:
Uptrend before formation: This pattern is more reliable if it follows a strong uptrend.
Break of the neckline: The trend reversal is confirmed when the price breaks below the neckline, indicating a bearish move.
Live Trading Tip: Wait for the price to break the neckline and retest it before entering a short position to reduce false signals.
Double Top:
Description: A bearish reversal pattern that forms after an uptrend, consisting of two peaks at roughly the same level.
What to Look For:
Resistance level: The two peaks touch a resistance level but fail to break through.
Neckline break: The trend reversal is confirmed when the price breaks below the support level (neckline) between the two peaks.
Live Trading Tip: Enter a short trade after the price breaks below the neckline and possibly retests the support as resistance.
Double Bottom:
Description: A bullish reversal pattern that forms after a downtrend, consisting of two troughs at roughly the same level.
What to Look For:
Support level: The two bottoms touch a support level but fail to break below.
Neckline break: The reversal is confirmed when the price breaks above the resistance level (neckline) between the two troughs.
Live Trading Tip: Enter a long trade after the price breaks above the neckline and retests it as support.
Common Continuation Patterns
Triangles
Symmetrical Triangle:
Description: A continuation pattern characterized by converging trendlines, where the highs and lows converge toward each other.
What to Look For:
Breakout: The pattern is confirmed when the price breaks out of the triangle, either upward or downward, signaling a continuation of the previous trend.
Live Trading Tip: Watch for increased volume during the breakout to confirm its validity. Enter the trade in the direction of the breakout.
Ascending Triangle:
Description: A bullish continuation pattern with a horizontal resistance line and an upward-sloping support line.
What to Look For:
Resistance breakout: The pattern is confirmed when the price breaks above the resistance level, signaling a continuation of the upward trend.
Live Trading Tip: Enter a long trade once the price breaks the resistance and volume spikes, indicating strong buying interest.
Flags and Pennants
Flag:
Description: A continuation pattern that looks like a small rectangular consolidation phase after a strong price movement.
What to Look For:
Strong trend: The flag forms after a sharp price move, followed by a consolidation phase.
Breakout: A breakout from the flag pattern confirms the continuation of the previous trend.
Live Trading Tip: Enter the trade in the direction of the breakout, especially if accompanied by an increase in volume.
Pennant:
Description: Similar to the flag, but the consolidation phase forms a small symmetrical triangle instead of a rectangle.
What to Look For:
Strong trend: A pennant forms after a sharp move, followed by price consolidation.
Breakout: The breakout signals a continuation of the previous trend.
Live Trading Tip: Trade in the direction of the breakout and ensure there’s an uptick in volume for confirmation.
Wedges
Rising Wedge:
Description: A bearish continuation or reversal pattern where the price forms higher highs and higher lows, but the slope of the highs is steeper than the slope of the lows.
What to Look For:
Trendlines converging: The wedge narrows as the highs and lows converge.
Breakdown: The pattern is confirmed when the price breaks below the lower trendline, signaling a bearish move.
Live Trading Tip: Short the trade once the price breaks below the wedge, especially if volume increases.
Key Signals to Look for in Live Trading
1. Volume Confirmation
Description: Volume plays a critical role in confirming the validity of chart patterns. A breakout or breakdown on low volume can be a false signal, whereas high volume supports the strength of the price movement.
What to Look For:
Volume Spike on Breakout: Look for a significant increase in volume during breakouts from chart patterns. This indicates that more traders are participating in the move and that it has momentum.
Divergence between Price and Volume: If price is moving in one direction but volume is decreasing, it may indicate a weakening trend.
2. False Breakouts
Description: A false breakout occurs when the price appears to break out of a pattern but quickly reverses, trapping traders who acted on the breakout.
What to Look For:
Lack of Follow-Through: After the breakout, if the price doesn’t continue in the breakout direction and instead reverses quickly, this could be a false breakout.
Live Trading Tip: To avoid false breakouts, wait for a retest of the breakout level or look for confirmation in volume before entering a trade.
3. Divergence with Indicators
Description: Divergence occurs when the price of an asset moves in one direction while an indicator (such as the RSI or MACD) moves in the opposite direction.
What to Look For:
Bullish Divergence: When price makes lower lows, but the indicator forms higher lows, signaling a potential reversal to the upside.
Bearish Divergence: When price makes higher highs, but the indicator forms lower highs, indicating a potential reversal to the downside.
Live Trading Tip: Use divergence as a signal to prepare for a trend reversal, especially when combined with chart patterns like double tops or bottoms.
Chart patterns are essential for predicting price movements, but they work best when combined with other tools like volume analysis and indicators. As you gain experience in live trading, you'll develop the ability to spot these patterns more easily and understand how to trade them effectively. Always remain patient and look for confirmation signals before entering trades based on chart patterns.
