Silvercharts
Silver Long Term Analysis Silver has been performing very accurately from my TA compared to Gold at the moment. It has successfully created a higher high for inverted Head and now we should look out for the completion of the inverted right shoulder to break crucial resistance. I'm currently looking at $17.20 - $17.70 accumulating range for IRS (Inverted Right Shoulder) and act as a Support Range as well for a range period of 179 days. (Bear in mind as indicated on the graph where if it takes a longer duration to complete our IRS cycle then the support range increases linearly). We need to break $21 - $21.45 Crucial Resistance range to break the existing price trend for Silver.
SilverBuy Silver using three Trend lines yellow, green and red trend lines . Buy at 19.3 price near the green line .Target of 19.98 around 3.51% - Yellow line. Stop Loss is the red line around 0.45% If it starts breaking the red trend line . You can also take a Short Position when it crosses red line. . Then it can go Down. Also RSI there seems more room for upward movement. For risk of 0.45 % there is an upside of 3.51%
XAGUSD Short What I see is quite clear, Price touched strong monthly Trend Resistance and rejected then we almost close to break strong Support trendline daily, as soon as we confirm breaking our Support trend, we wait for first pull back in one of the scenarios in higher highs we jump in a trade. For now 1. we wait to see if daily support trendline can be break or no 2. we wait to see which scenario going to be choose 3. we jump in trade with first higher high 4. with very rational R:R,
Good luck Guys,
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SILVER USD DOLLAR HORLY CHART FOR TRADE NEXT WEEKAs we seen in chart Silver trade in support resistance levels for last few days....on next week if silver sustain above 17.629 level then we go long for the target of 18.160 and 18.657 ..... If silver break its support lave of 16.504 then we go short for the target of 15.884.
Taking Profit. 15% (SILVER)Silver looks really good on the large timeframes but I will be exiting here for a nice 15% move.
The 12hr and daily look to be retracing as we fire red in a potential rising wedge.
Will try to capture a re entry on a pullback. I want to take these profits and reinvest into some other good trend reversals that I see from other options.
Will look for the next crossover on these timeframes for re entry. If we bleed out and break support we can look for a big short out of the wedge channel.
Have an awesome day! 😁
🥇 MLT | PRO TRADERS
SILVER ($SILVER): Silver Might Not Glitter like Gold, But...✨ Drop a comment asking for an update, we do NEW setups every day! ✨
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Silver is following Gold's lead and showing us some bullish price action. With the FED money printers going, the move to precious metals is logical. Let's look for an entry to make some money off this silver uptrend.
Resource: www.wsj.com + www.cbsnews.com
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe as ETH continues to show strength.
2. With this strategy, we are looking for long setups in a uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua line color) and/or bullish S/R levels plotted by Directional Bias (Aqua line color).
3. Right now we are looking for a long entry off the recently formed S1 bullish orderblock with a target of the R1 minor pivot point.
4. Our stoploss is placed below the price action at S1 to avoid any liquidity hunt. We will exit the position if our stoploss is hit or if Fractal Trend changes color.
5. Below we can see some other levels of interest to watch if S1 cannot hold.
Good luck metal heads!
Massive Green Engulfing! (SILVER)Green arrow points to where your signal was to go long on silver.
This one was analyzed around mid $14 for a buy entry on a long term move.
The 3day is a beautiful green impulse.
Now we are creating distance from the initial buy, more space = better trade.
No stress with this one as I will hold for a long term hold.
Will update this if I see any key signs for any reversal.
For now, we are solid. ✌😁🥇
Sideways and wait for Breakout level to Open trades.Trend=Sideways
Trade: Waiting for break out levels
🛑SUPPORT/RESISTANCE
✅S1= 14$
✅S2=12$
✴️R1=16$
✴️R2=18$
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Silver may have some ways to go before it breaks out.Silver seems to be forming a bullish downward trending flag pattern, which is bullish to the upside. It will break out eventually, probably when we exit this deflationary period due to the virus and we enter the high inflationary period that follows due to intense monetary stimulus which as preceded.