XAG / USD - JOURNAL - ACTIVE SERIESThis is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED DAILY with comments and trade ideas.
| This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions |
In the following analysis, I highlight a possible SHORT scenario in the > FX:XAGUSD <
We focus on the technical KEY points and KEY areas which will be relevant in the next hours & days.
The highlighted scenario is supported by the higher timeframes, which we are ACTIVELY monitoring in an existing post.
This can be found under the following name: " XAG / USD - HTF JOURNAL - WEEKLY SERIES " (Listed under this post at "RELATED IDEAS")
As soon as the temporary direction of the price emerges, I will update the post accordingly, with entries, stop-loss & take-profit levels.
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MARKED POINTS OF INTENTION (POI)
We are in a superior and inferior downtrend channel, which served as very good resistances in the past. In most price action indicators, we are in over bought areas (HTF) which will be reflected in price action (ITD) in the near term. In the smaller timeframes, a divergence is starting to form, which serves as additional confirmation for the trade in all the resistance areas. In intraday, this calls for a SHORT - SWING - entry, but caution is advised; the price is still not unlikely to break through the levels and continue its rise.
# Positioning after confirmation of this thesis = SHORT
Z - Don't let the noise blind you; recognize its face and use it for yourself - Z
| ZielIstDieAutarkie |
If this idea and explanation have added value to you, I would appreciate a COMMENT or BOOST very much.
Thank you and happy trading!
Z
