Silvershort
Silver Breaking down: Symmetrical TriangleSilver (US$/Oz) Breaking drown from a long term support trendline (22.197 levels).
Crucial support levels to look for : 21.376, 20.7-20.52 and worst case 19.945. Although if macro factors support we can see a demand uprise and a subsequent pull back to 21.376 and rally upto previous long term trendline levels.
BluetonaFX - SILVER Triangle Break SHORT IdeaHi Traders!
SILVER is approaching the trendline support of its symmetrical triangle and there is a possibility of a breakout to the downside.
Price Action 📊
There was a momentum break and close below the 20 EMA along with market swings showing lower highs and lower lows.
We are looking for a break and close below the trendline support.
Fundamental Analysis 📰
The market's demand for Silver is currently low due to current high demand for the US dollar.
Support 📉
22.232: TRENDLINE SUPPORT
Resistance 📈
22.868: PREVIOUS DAY'S HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
SILVER 4H (Pivot Price: 22.61)Silver
stabilizing above 22.61 will support rising to touch 22.80 then 22.94 then 23.13
stabilizing under 22.61will support falling to touch 22.39 and then 22.20
Pivot Price: 22.61
Resistance prices: 22.80 & 22.94 & 24.13
Support prices: 22.39 & 22.20 & 21.98
The expected trading range for today is between support 21.98 and resistance 22.80
The general trend expected for today: bearish
timeframe: 4H
SILVER 4H (Pivot Price: 23.48)Silver
stabilizing above 23.48 will support rising to touch 23.77 then 23.99 then 24.13
stabilizing under 23.48 will support falling to touch 23.14 and then 22.95
Pivot Price: 23.48
Resistance prices: 23.77 & 23.99 & 24.13
Support prices: 23.14 & 22.95 & 22.81
timeframe: 4H
silver ( xagusd ) Long Term Trading IdeaHello Traders
In This Chart silver HOURLY Forex Forecast By FOREX PLANET
today silver analysis 👆
🟢This Chart includes_ (silver market update)
🟢What is The Next Opportunity on silver Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
silver ( xagusd ) Long Term Trading IdeaHello Traders
In This Chart silver HOURLY Forex Forecast By FOREX PLANET
today silver analysis 👆
🟢This Chart includes_ (silver market update)
🟢What is The Next Opportunity on silver Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Silver 4H (Pivot Price: 22.95)Silver
stabilizing above 23.14 will support rising to touch 23.45 then 23.60 then 23.80
stabilizing under 22.95 will support falling to touch 22.81 and then 22.61
Pivot Price: 22.95
Resistance prices: 23.45 & 23.60 & 23.80
Support prices: 22.81 & 22.61 & 22.45
timeframe: 4H
Silver 4H (Pivot Price: 24.56)Silver
Hello,The silver price is facing negative pressure to try to break the 24.56 level, affected by the negativity of the Stochastic indicator.
stabilizing above 24.56 will support rising to touch 24.82 then 25.04 then 25.27
stabilizing under 24.56 will support falling to touch 24.31 and then 24.06
Pivot Price: 24.56
Resistance prices: 24.82 & 25.04 & 25.27
Support prices: 24.31 & 24.06 & 23.84
time frame: 4H
Silver: Tarnished Hopes ✨💔The silver price is nearing the end of green wave 4, expected to conclude within the $22.90 to $23.62 target range. After this, a substantial decline is anticipated in the form of green wave 5, projecting a drop below the $22.14 support level. This decline will also mark the conclusion of the overarching orange wave iii. The target zone is suitable for short orders, with stop loss orders suggested around 1% above the area.
XAGUSD I Daily correction and continuation on the weeklyWelcome back! Let me know your thoughts in the comments!
** XAGUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Silver 4H Pivot Price: 24.98Silver
stabilizing above 24.98 will support rising to touch 25.16 then 25.35 then 25.53
stabilizing under 24.98 will support falling to touch 24.65 and then 24.50
Pivot Price: 24.98
Resistance prices: 25.16 & 25.35 & 25.53
Support prices: 24.65 & 24.50 & 24.20
timeframe: 4H
XAGUSD - Textbook Break & RetestAnalysis:
This setup is a lot like the gold one that we took earlier, so the analysis is pretty much the same. Price has been in an upwards trend for a while now, until recently where we've seen price reverse and start to head to the downside. In recent times we saw a huge bearish confluence form, which was a break of the upwards trendline that price had been respected. This showed us that the bears had the momentum to break the upwards trend and make a move to the downside, so this favours our bearish thesis. At the area of resistance we have marked out we can see that this is where the most recent lower high was formed. When this area was touched in the past we saw price form a big rejection and head to the downside. This move was also the move that broke the upwards trendline, so this is a very strong area of resistance and we're currently retesting this area. We expect that sellers will step in here and push price to the downside, which favours our idea. Another confluence we have to add to our bearish thesis is the 50% fib retracement level which is at our area of resistance. This fib retracement level is often respected and with this lining up with our area of resistance we have even more reason why we think it's going to hold and that this is where sellers will want to enter into the markets. We also have the retest of the previous upwards trendline. Often in trading we see support become resistance and resistance become support when the level is broken, so this is what we expect to see now. We expect that the upwards trendline will now act as resistance, favour our thesis. Technical wise we have a lot of confluences pointing to bearishness, especially from the area we are currently at. Looking at the fundamentals the USD is the strongest major currency currently, so we expect to see some bullishness come for the USD which would favour our setup. Overall a lot of confluences we pay attention to are pointing to more downside for silver which is why we have a short bias on this pair and with the news coming out today for the USD we could get the catalyst we need to see a continuation move to the downside.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
XAGUSD I Overextended "W" formation Welcome back! Let me know your thoughts in the comments!
** XAGUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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Silver is shorted today
The silver price is currently near US223.75/ounce, and it has fallen by about 1.4% during the day.
If it falls below US223.75/ounce, this will open the way for a further decline in silver prices, and silver prices will continue to be expected for some time to come. The bearish trend scenario.
Currently waiting for the silver price to fall below US223.70/ounce to confirm that the silver price will fall further to the next short target of US223.00/ounce.
Stochastic indicators are currently showing bearish signals, and silver prices will show more bearish possibilities in the coming trading days.
It should be noted that if the silver price breaks through US224.15/ounce, this will push the important resistance level of the silver price to US224.60/ounce, and then try to fall again.
Today's silver price will be between the support level of USD23.50/ounce and the resistance level of USD24.30/ounce.
Silver strategy:
SILVER: sell @23 tp:24.3
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!