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Silvershort

Potential SHORT for SILVER XAGUSD is in a possible 4th wave in an impulse Elliott wave series. This correction has potentially run its course indicated by the high level RSI. I will watch for the correction to either continue to the upside or begin the 5th wave and immediately retrace down to the 1st trend line. If it is indeed in an impulse Elliot wave, then it should continue its decline breaking the 161.8% Fib level as well as the 1st trend line into the demand zone with a possible rebound on the 2nd trend line. A close below the 50 MA will be a very good reassurance of a confirmed 5th wave downtrend.
FX_IDC:XAGUSDShort
by nickmusey
SHORT SILVER – 2nd TryTrading setup: sell limit @16.15 , Risk-Reward = 2.38 SL@ 16.55 (-40), TP@ 15.20 (+95) _____________________________________________________ - after being stoped out last time with a small win, I go today for the second try to short silver - even if silver is more bullish than gold at the moment, the momentum after a very impulsive move is kind a stalled - gold is usually leading the direction in pm sector and gold is rather week than strong in the last days - so, at least a bigger correction in silver is really possible - if we fall below 15 USD, many SL will be triggered and even a bigger fall (to 14 USD?) is possible _____________________________________________________ Disclaimer: There is a very high degree of risk involved in trading forex , trading on margin and trading at all. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
FX:XAGUSDShort
by fxstudent299
SILVER SHORTSILVER is expected to sink now. The reason why we feel SILVER may SINK. * It may SINK and come near 14.92 levels * Stoch RSI (3,3,14,Close) is SINKING. * RSI (14,CLOSE) is SINKING. * CCI (20,CLOSE) is SINKING. Keeping all the above indicators in view along with the chart pattern we expect it to SINK. Our SELL call shall be from SHORT BELOW :15.25, SL: 15.33, TGT 01: 15.02, TGT 02: 14.92, TGT 03: 14.63. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAGUSDShort
by ajithchand-bhandaari
SH SIORTLVER ::: RISK CALL :::SILVER is expected to SINK now. The reason why we feel SILVER may SINK. * On weekly basis it has just started SINKING * To Rise and come near 14.98 levels * Stoch RSI (3,3,14,Close) is SINKING. * RSI (14,CLOSE) is SINKING. * CCI (20,CLOSE) is SINKING. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our SELL call shall be from SELL BELOW :15.22, SL: 15.28, Tgt 01: 15.05, Tgt 02: 14.98, Tgt 03: 14.76. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAGUSDShort
by ajithchand-bhandaari
SILVER SHORT ::: RISK CALL :::SILVER is expected to SINK. There are many reason why we feel it may ...... * BEARISH ENGULFING in WEEKLY Chart. * To SINK and come near 14 * Stoch RSI (3,3,14,Close) clearly states it may SINK. * RSI(14,CLOSE) Is also of the same view. * CCI(20,CLOSE) Is also saying the same. Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our short call shall be from 15.22 with a SL @: 15.27 Tgt01: 15.08 Tgt02: 15.02 Tgt03: 14.83. This may be very quick as we are expecting Silver to bounce back from mid week. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAGUSDShort
by ajithchand-bhandaari
SILVER SHORTXAGUSD is expected to sink now. There are many reason why we feel it may sink. 01. It has not sustained quarterly buy level. 02. Pinball in daily Chart. 03. To sink and come near quarterly sell level of 14.12 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from Short below 15.56 SL@: 16.77 Tgt 01: 15.44 Tgt 02: 14.52 Tgt 03: 14.12. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:XAGUSDShort
by ajithchand-bhandaari