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Silvershort

SILVER (XAGUSD) Your Detailed Trading Plan 🪙 Hey traders, Silver is trading in a bearish trend. After a recent retracement, the market formed a cute head and shoulders pattern on 4H. 21.28 - 21.47 is its neckline. Wait for 4H candle close below that as your confirmation to sell. Then open short aggressively or on a retest. Goals will be 20.93 / 20.7 Good luck! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
7
Silver: CircuitousSilver seems to prefer things a bit more complicated, and thus has made a detour back above the mark at $21.25. However, as long as it stays below the resistance at $22.56, we still expect silver to directly continue the descent below $21.25 and into the lower orange zone between $18.78 and $16.88, where the overarching downward movement should end. There is a 38% chance, though, that silver could expand the detour above the resistance at $22.56. In that case, it should rise until the upper edge of the orange strip between $22.74 and $23.46 before resuming the descent.
COMEX:SI1!Short
by MarketIntel
1
SILVER (XAGUSD) Update & Time to Fall 🪙 As you remember, we spotted a bearish breakout of a rising wedge pattern on Silver yesterday. Today we see a retest. Retesting a broken support of the wedge, the market formed a descending triangle formation on 1H time frame. It is a solid confirmation and it may trigger a bearish continuation. Initial target - 21.7 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
15
SILVER (XAGUSD) Great Trading Setup For Today🥈 Hey traders, After a bearish breakout of a key level on a weekly, I was looking for shorting opportunities on Silver. Nicely recovering the market reached a strong horizontal structure yesterday. On 1H time frame, the market formed a head and shoulders pattern. 21.51 - 21.55 is its horizontal neckline. To short with a confirmation, wait for an hourly candle close below that. Then sell aggressively or on a retest. Goals will be: 21.25 21.0 If the price sets a new higher high on 1H, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
5
SILVER (XAGUSD) The Zone to Watch 🥈 Last week we spotted a confirmed breakout of a major weekly structure on Silver. Now, as the market is recovering, I am preparing to short. The zone from where I will look for selling opportunities is based on a confluence between fib retracement levels and horizontal structure. Let the price reach 21.8 - 22.2 supply area. Then wait for a confirmation within to sell. Your initial target will be 20.7 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
OANDA:XAGUSDShort
by VasilyTrader
13
Silver: JumpyWhile bears aren’t normally known to be jumpy, the bears on the silver market have just shown signs of scariness. They must have been so focused on their way downwards that they didn’t realize how close they had already come to the support at $21.98. Although they have shrunken back from this mark, we expect them to pick up courage again quickly – after all, they have been so strong and composed lately. So, the bears should push silver below $21.98 and towards the orange zone between $20.91 and $19.59, where wave iii in orange should end. Then, a countermovement should lead silver back above $21.98, where it should finish wave iv in orange before resuming the overarching downwards movement.
COMEX:SI1!
by MarketIntel