XAGUSD BULLISHI strongly believe silver is set for a major rally in the coming months.
To begin, I'm entering this swing trade with 12 key arguments I've identified, where 90% are bullish and only one is bearish.
Bullish Arguments:
Monthly PCH being disrespected
Monthly PCL being disrespected
Weekly swing low not respected
Weekly Bullish FVG being respected
Daily Bullish FVG being strongly respected
Daily swing low not respected
4H Bullish FVG being respected
4H swing low disrespected
4H swing high disrespected
Bearish Argument:
Daily swing high being respected
Trade Management:
Stop Loss at yesterday’s low ($29.70) since a rejection would signal a continuation into the daily FVG, giving us a better entry.
Take Profit at the swing high or near buy-side liquidity to lock in profits without being greedy.
Risk/Reward Ratio: 4.69
Risk: 2%
Bullisharguments
Bitcoin probabilities: 60% Bullish vs. 40% Bitcoin’s Bullish Momentum is Losing Ground—60% Bullish vs. 40% Bearish Probability
The bullish case for Bitcoin has weakened slightly due to several conflicting signals across different timeframes. Here's the breakdown:
Bullish Factors:
🚫 Monthly PCL disrespected
✅ Monthly Bullish FVG respected
🚫 Weekly swing low disrespected
✅ Weekly Bullish FVG respected
✅ Daily Bullish FVG respected
🚫 4H swing low disrespected
🚫 4H swing low swept
Bearish Factors:
✅ Daily swing low respected
✅ Daily swing high respected
✅ Daily Bearish FVG respected
🚫 Daily Bullish FVG disrespected (so far)
Given the mixed arguments, it’s crucial to wait for further confirmation before making any moves. Strong economic factors expected this week could shift the market. Don’t get liquidated—patience is key! 🧘♂️ Master it to stay profitable. 🏆