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XAG

XAGUSD - Long Trade IdeaHello 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. Preferably I see price start to halt and create a consolidation at my POI. What I DON'T want to see if price blast right through it and have a 2D candle close below the BISI. Silver is lagging behind Gold, so I am using that to back up my bias. Based on my proprietary analysis, price SHOULD go to the current target, if not at my POI, then still soon. Of course, we make allowance for wicks, and I will still hold my POI valid should any 2D candle not close below the BISD 2D and no other SIBI 2D be created, at least without an instant rejection through it in the next 2D candle. Overall, simple and clean by the looks of it. We can always go to the lower timeframes to refine the narrative and frame some trades. Have a good weekend! - R2F
FOREXCOM:XAGUSDLong
by Road_2_Funded
XAG/USD has a strong bullish momentum, could it rise further?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 level which lines up with the 61.8% Fibonacci retracement. Take profit: 28.74 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAGUSDLong
by VantageMarkets
Silver target hit precisely after inverse head & shoulders breakJust posting this update on the silver chart to exemplify how TA often does work with exact precision. As soon as the inverse head and shoulders on silver validated its breakout the price action climbed to the exact price target before its current correction. We can see how the wick on this particular chart even hit the top of the measured move line at exactly the time it hit its target. Always a cool thing when that occurs. *not financial advice*
OANDA:XAGUSD
by DrDovetail
Silver correcting after 1st target hit; bigger invh&s trgt = $34The top of the highest wick on silver is actually the exact measured move target of the previous inverse head and shoulders silver recently hit precisely. On the journey as it retested that ones neckline it formed this anger more horizontal inverse head and shoulder neckline and has since also broken above it with a measured move target much higher at around $34. I am currently watching for the dotted purple measured move line or the horizontal neckline to get retested here and hopefully one or the other wil maintain support…price could easily also dip back below the neckline a few times before the real breakout like it did with the previous inv h&s neckline. I will link the previous invh&s chart down below for you to compare. *not financial advice*
OANDA:XAGUSD
by DrDovetail
Rising into 50% Fibonacci retracement resistance?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 pullback resistance level Take profit: 26.399 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAGUSDShort
by VantageMarkets
XAG/USD rising towards 50% Fibo resistance, could it reverse?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 level Take profit: 26.399 Why we like it: There is a pullback support which aligns with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAGUSDShort
by VantageMarkets