Hello all, I have a long trade possibility forming on XAGUSD. Basically, my draw on price is the Relative Equal Highs residing above. My POI for taking a trade is where the BISI 2D is. Since we have a SIBI 2D, we should see lower prices to this POI. If price does not reach my POI before trading higher, I would like to see a clean 2D close above the SIBI 2D....
Price is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 27.69 Why we like it: There is a pullback support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 27.09 Why we like it: There is a pullback support...
XAG/USD is rising towards a resistance level which has been identified as a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 27.861 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 28.872 Why we like it: There is a...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 27.861 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 28.872 Why we like it: There is a pullback resistance...
XAG/USD is rising towards a resistance level at 28.515, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement. A reversal from this level could lead the price to drop to our take profit target. Entry: 28.515 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement Stop loss: 29.621 Why we...
After price has been breaking higher highs and respecting higher lows on higher timeframe, it was evident that price was in a bullish trend. Price has just recently retraced and mitigated a higher timeframe demand, and zooming down to our 4h timeframe, we see that price gave us a shift in market structure for bearish to bullish trend. Price has just now tapped a...
This is an ACTIVELY managed BLOG CONTRIBUTION, which will be UPDATED WEEKLY with comments and trade ideas. | This way, I generate a SERIES for you, where you, as a reader, can - ACTIVELY - learn from the analyses, decisions, & interactions | In the following analysis, I do NOT highlight any specific scenario but neutrally look at the higher timeframes in the...
As an alternative, you can choose your TP based on the ATR of your favorite chart: ATR = Average True Range 1 day = 20 pips 4 hours = 10 pips 1 hour = 5 pips 15 minutes = 3 pips 5 minutes 2 pips TECHNICAL ANALYSIS: The XAGUSD pair is currently trading in a range between 26.14 and 22.11. Price Action has been consolidating in this range since April 24,...
FINAL TP @ 24.09 BSO @ 23.80 BLO @ 23.77 💲PROFIT POTENTIAL @ Share Price: +$0.3175 Percentage: +1.34% Pips: +3175 pips
⚠️ A countertrend trade is a trade that is made against the prevailing trend. This means that the trader is betting that the trend will reverse and that the price will move in the opposite direction of the BIG PICTURE trend. Countertrend trading can be a very profitable strategy, but it is also more risky than trend following. SLO @ 24.66 📉 +0.42% SSO @ 24.26...
Price is approaching a strong resistance level at 23.21 which is a pullback resistance, 50% Fibonacci retracement and a 100% Fibonacci projection. On top of that, we have a long term descending resistance line and the bearish ichimoku cloud contributing to the bearish momentum. A reversal from here could see prices drop all the way down to 22.22 which is a...
Price has broken a key overlap support level suggesting that price might make a bearish breakout towards the 22.16 level. The 221.16 level is a 61.8% major Fibonacci retracement and a 127.2% Fibonacci extension. If price were to drop to this level, watch out for a potential bounce from 22.16 for it to rise back up to 22.69. Please be advised that the information...
Hey everyone I believe silver could be a good trade a nice little 1h channel moving up, 4h trend up is also a good positive sign, recent bullish engulfing candlestick on the 4h confirms bullish bias, I believe a re-test of the top is likely, we also have 1h 200 moving average covering our stoploss, which even if it pullsback is likely to react and find bullish...
Technical Confluences 1. Silver is currently near last year's high 2. Near-term resistance at 25.31550 3. Near-term Support at 24.29100 4. High-up resistance at 28.13740 Idea We are looking for price to continue heading towards the near-term resistance at 25.31550. There might be some struggle to break through the resistance so we are expecting a possible...
The silver is forming a clear Head and Shoulders pattern with a visible divergence on momentum indicators. Additionally, it has broken the ascending weekly trendline. These are all signs that the price is likely to fall to 22.150, after which it may rebound to 22.68 and retest the breached neckline. The retest point could present a good opportunity to enter a...
Over Trend Is bullish but Expecting some Correction before Next Bullish impulse Forming Ascending Channel in h4 timeframe Incase Of breakout expecting Test Of 1930 to 1935 And If Gold Lost Support Area Then Correction Will Be deeper
XAGUSD has completed the formation of a head and shoulders pattern with divergence on momentum indicators, and has made an initial break of the neckline. I prefer to wait for confirmation of the breakout before entering a sell position targeting 21.19. However, with the current global crisis in American and European banks, conditions may change at any moment, so...
Looking at the H4 chart, my overall bias for XAGUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 23.01995, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 24.63700, where the previous swing high is. Take profit will be at 20.80500, where the...