XAGUSD growing from the support time to buyHello Traders Welcome back to another profit day
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
XAGUSD growing from the support zone, I think there will be a chance for buy. Let's watch together
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
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have a good profit week guys
Xagusdanalysis
Silver- back to 23.80 support?Silver is trading in a range for 2 weeks now with a clear ceiling at 26.50.
Bulls are unable to take control and drive the price above this level and XagUsd keeps rolling down to support
A breakdown seems imminent for Silver and short-sellers can have a target under 24.
Sell rallies above 26 can be a good strategy and only a clear close above 26.50 would negate this scenario
XAGUSD RocketManChart is looking extremely bull for Silver price
Bull signals:
1 - a Major trend line shown by dotted white line has been played and respected since 2 March 2020 and we have broken back above it after a test low dip on 30 March 2021
2 - Double bottom at what has turned out to be a major support zone for silver which is at the 0.382 Fibonacci retracement zone from the swing low at march 2020 and the swing high at august 2020. Great support here, low not been seen since
3 - W pattern formed (one of my favourite - so simple and effective) right at the double bottom 0.382 which was a key indicator for the continued rise for silver which has now found the neck line at 25.487 (0.236 fib retracement)
4 - We are above 50,100 & 200 MA and SMMA lines which is an amazing bull sign, the recent break above the 50Ma is a lovely end of week close for Silver
5 - the end of week close was also sat right above the white dotted line from the August 2020 high which marks out the upper side of the descending triangle that has been formed since the last high. What we are seeing now is a possible break out north, big potential for silver to test recent high at 30 and above
As well as this the current Silver physical demand is through the roof and I do not believe that the current price at 25 reflects this.
My trading ideas are not gospel, I just like the numbers and patterns
Universal patterns are universal
XAGUSD (SILVER).......BUY...BUY
💹XAGUSD(SILVER) ⏬BUY @ 25.2655
✅TP-1# 25.5675
✅TP-2# 25.8341
⛔️SL 24.5654
N.B-Silver create Bearish butterfly pattern.If have small
balance plz avoid Silver trade now.Because highly volatile.
📊 Trade Accuracy 80% 📊
📊 Follow Proper M.M & Use S.L 📊
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Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions.
THANK YOU
Silver - Don't stop me nowSilver is trying to break above the 20 EMA on the daily chart today.
The dollar took a big hit after the FOMC meeting today and after the weak bounce we had during the past few days it's turning down again.
I think the weak dollar will be extremely good for gold as we are starting the new intermediate cycle:
I already posted a long idea in gold a few days ago.
But as I showed in a prevoius XAUXAG idea the big opportunity will be silver in the following weeks if the XAUXAG ratio finally breaks down the symmetric triangle:
Silver on the hourly chart is breaking out of the compression triangle and testing the trendline:
If we break the trendline , silver will be testing 30$ again and I think this time it will break through.
SILVER Short Idea, where is it going?Hello Fellow Traders, Here is a Full Updated Analysis on XAGUSD.
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some Rejection / Confirmation / Direction
2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk.
7.Show some support Below (Like , Comment , Follow & share)
Let Me know if you have any Questions or Comments Below
Happy Trading & Goodluck!
See You in the next Analysis!
Global Fx Education