Silvershort
SILVER (XAGUSD) Detailed Technical Outlook 🪙
What to expect from Silver?
In this video, we will analyze the price action on Silver,
the structure and we will discuss the potential scenarios.
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Silver.....BREAKOUT!!!Am going short on Silver after noticing a bearish breakout and retest on the 4H.....
As you might notice in the chart that trend line has been highly respected in the past.....am seeing a highly probable down move from the retest.....as am not God, I want everyone to observe good risk management......we are looking for 5.75R in Tp here so risk only 1% and use a good stop.and manage your trades on e its running.....LET'S GO!!!!!
SILVER (XAGUSD) Important Breakout & Bearish Continuation 🪙
Hey traders,
Silver remains under a strong bearish pressure:
the price broke and closed below a key daily structure support cluster this week.
The next support that is spotted is 17.0.
I believe it is the next goal for sellers.
I will be waiting for an occasional retest of a broken structure to short from there.
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SILVER (XAGUSD): Breakout & Bearish Continuation 🪙
Hey traders,
Silver broke and closed below a key daily structure support area on Friday
the broken structure turned into a strong resistance now.
I will expect a bearish trend continuation to 18.43 level next week.
For entries, consider an occasional retest of the broken structure.
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SILVER top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
SILVER (XAGUSD) Still Bearish Outlook 🪙
Hey traders,
Update for our yesterday's setup on Silver.
As I predicted, the market dropped nicely.
Analyzing the chard on a 4H time frame this morning, I spotted a head and shoulders pattern
with a confirmed neckline breakout.
I believe that the market may keep falling.
Next support 19.56
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SILVER, possible reversal?Silver(4h) has formed a double top after breaking the monthly doji. Today, after opening, the price has formed a bearish price action, with a gap opening. It is likely that the price is likely to drop to the monthly level of support.
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SILVER (XAGUSD) Bearish Move From Key Level 🪙
Hey traders,
Silver is approaching a key daily resistance.
The underlined blue structure matches perfectly with 0.5 retracement of the last bearish impulse.
The price has already formed a dodji candle on that structure, confirming its strength.
Analyzing lower time frame, I spotted a confirmed breakout of a rising wedge pattern on 1H time frame.
I believe that that pair may drop now.
Initial target - 19.985
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XAGUSD Continuation Trade Hi Traders,
Silver (XAG/USD) is showing a simple setup. Price is respecting a trendline that has been tested multiple times, When looking at the daily time frame there is a supply zone that has been tapped into. Apart from the Supply zone, when looking at the four-hour we can see that we are currently testing the resistance of 18.900, It seems as though price is also creating a double top pattern.
What I am looking for is for the price to simply continue bearish from this point seeing that the last few four-hour candles have been bearish. The idea is that the weekly candle will flip bearish and create the continuation with momentum.
My target is 18.00 which is a psychological number and also support based on the weekly time frame. I would be concerned that the trend line may be breached and price action may turn to a more bullish structure so having less risk on this trade is a good idea.
Let's see how this one plays out.
Renaldo Philander
Jamie Gun2Head - Selling SilverTrade Idea: Selling silver
Reasoning: Finding resistance at the 61.8% Fibonacci level, may the bear trend continue!
Entry Level: 18.905
Take Profit Level: 18.150
Stop Loss: 19.110
Risk/Reward: 3.68:1
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