XAG USD - Broke the Triangle!Hello Fam!
Short
Reasons:
Broke the symmetrical triangle to downward
Good luck to you!
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Idea is not the financial advice!
Silvershort
XAGUSD SILVERSilver idea, I rarely trade this but it looks good this week, with DXY looking bullish somewhat on the daily, and also XAUUSD looking bearish.
Opinions?
ridethepig | Silver Waterfall Event📍 What's in play here?
This boat is becoming very crowded and the absolute freeing move would be a pullback into support before continuation to the topside in 2021. I have dropped my target to 18.5x, because even after the defensive CB manoeuvres continue the strength is mostly priced, and late buyers are underestimating that.
The nucleus of the move comes from a 11 August with the start of an ABC part inside a 5-3-5 pattern to open up the possibility of a slingshot in wave 3. For now, to the downside sellers must not allow buyers too far down, or else the threat of the creation of a wedge would becoming disastrous. Take for example 22.4x and 18.5x as main targets to aim for. While to the topside, invalidation and reassessment needed above September highs.
Thanks as usual for keeping the feedback coming 👍 or 👎
Silver- a more clear view than GoldAlike Gold, Silver is offering a more clear view...
The price of Silver doubled its value almost verticaly and 30 zone acted like a clear ceiling for this commodity.
From this point the price could drop hard to at least 24 and in my opinion rallies above 28 should be sold
Possible waiting sell NFP approaching and could trigger a heavy dump..I still believe we need to test Aug 12 support before going long
Sturgeon MoonMost people don't really want the truth .They just want the constant reassurance that what they believe in is the truth
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SILVER DROP INCOMMINGXAG/USD
SELL
Silver is making a head and shoulders, this would mean its gonne have a correction to the downside.
USD will have its correction to the upside also.
Make sure u are on the right side of the trade this week because I think things can go fast.
Have a good day.
GV
SILVER ANALYSIS AND FORECAST FOR NEXT WEEK UNTIL 28th OF AUGUST Please share with me your thoughts,
Regards
Silver - Buy ZoneFantastic Buy Zone I have marked out here for potential longs into the 30 region. If price manages to break below the key level marked then we will consider a direction change but for the moment I still have a bullish bias.
XAGUSD Long/ShortI'm shorting this for fast cash, overall I still think metal is in bull trend as dxy is so dead right now.
I still holding some buy position and will go in for short if it pull back from my resistence level, or continue to add more position to long if it break the resistence.
Bearish on silver , waiting the price to reach support levelMy view on silver during the week of 17-21th Aug
SLV support levels - OpportunitySLV currently sitting at strong support from 2011, 2012, 2013, with a big gap down to next major support level at $23-ish.
As long as Fed keeps promising to print money and dollar continues to look weak in the long term, I am loading up here. This pullback is very bullish and much needed, shaking out the weaker players.
Best time to take a short profit on selling SilverThe market is now on its way to a new trend. The prices will surly go down for today, but before you realize it they will go up again so make sure buy again when take your profits of selling. Generally, the prices are going down towards the next support so make it your first target, if it is broken then you would shoot for the next line of support only buy a strong buy signal you can sell and buy again to ride the next bullish trend.
SILVER STRUCTURE SHORT|TRADING PLAN
XAGUSD is trading below a strong resistance. The last attempt to break it failed which is manifested in a long shadow within the resistance zone.
Now, the metal broke out of the minor diagonal support, with confirmation, which all taken together indicates that our target trade is short.
TRADING PLAN:
1-short now
2-SL above the mirror diagonal line and the resistance lower bound
3-the ultimate target is at the diagonal support which will draw a silver triangle.
Thank you for reading, like and subscribe and have a nice day.
Silver is showing a strong down movement, best time to sellBe sure of the prices going down, the buyers are trying to win but the sellers are much stronger now.
You can sell now and wait for reaching the next resistance line down and buy again because it will go up again and break the level we are in right now. But for today the prices are surly going down.
