Long Position: Silver show us a good bought toward the $26 oz. Today, it's my first time that I analyze one of my commoditie appreciate and it's Silver. Waoh, I'm make this analysis becuase I'm interesting in the future bought and accumulate Silver .
So, in H4 timeframe Silver is steady today!!! So, that put that this asssets it's goes to the $26.26 USD (that is my own target profit).
Now, we see that Silver is into this bullish channel into this bearish channel. And that put in reason that in weekly or Daily timeframe is that Silver is into the re-accumulation zone.
Look in Daily!!!
I put my buy order limit at $24.50 with the SL at $23.70 USD and my own target profit wil be $26.20 USD
So, guys, if you like this analysis about the Silver, I'm interesting to make a weekly for the medium and long-term on Silver future. If you like this technical analysis, please give me a like, share this idea with your friends and traders and good luck on this position!!!
Xagusdlong
Silver Bump and Run Bottom QuickpostPlease review Bulkowski's site for the full write up of a Bump and Run Reversal Bottom
thepatternsite.com
Our lead in is a little short, being from Sept 1 to Sept 18, being about half the time of the 35 day average. Bulkowski does say the lead in can vary widely and I have even seen this on micro timeframes.
Very promisingly is this three day MACD set up, which has a significant amount of hidden bullish divergence (price action setting a higher low but the indicator setting a lower low) which suggest the MACD will cross the signal line as we get continuation of the uptrend (a higher high)
A review of Bulkowski always has a rundown of what happens in case of a throwback and so I refer you to him. This is a quickpost, after all. Please see my linked post on another BARR bottom. I really kick myself for not staying in this trade long enough. I am in AGQ and hope to play this to a higher high.
Silver in Uptrend channel.Silver (Spot) - Short term - We look to Buy
Trading within a Corrective Channel formation.
Prices have reacted from 23.58.
The trend of higher lows is located at 24.00. Further upside is expected although we prefer to set longs at our bespoke support levels resulting in improved risk/reward. Pivot resistance is at 25.53.
Preferred trade is to buy on dips.
Our profit targets will be 25.53 and 26.50
Resistance: 24.55 / 25.21 / 25.53
Support: 24.00 / 23.75 / 23.51
XAGUSD H3. This Analysis Based On Price Action Theory.We Have an Analysis Of XAGUSD H3. This Analysis Based On Price Action Theory.
According to Multiple Analysis, We Can See That the Market has a Bullish Direction Even those market prices make a double top 🔺This indication of sell but due trend line or previous support we consider & For this We have Two ✌️ Target (Resistance) Area Around @24.117 & @24.400
For More Confirmation, You can see that Bollinger Bands, Fib Retracement & Super Trend The all are reflected Market Bullish Pattern
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group
Cam Silver offer us a clue?Today I've closed my short trades on Gold on 0 for one simple reason, I don't understand...
And turned to Silver for a clue... and the situation looks more clear here.
Silver found a bottom on 21.60 marked by a clear and nice pin bar. Since then, silver put in H-L on our chart and mow is trading in resistance.
I believe we will have an upbreak and the next target is 26.
Also, a long trade for this asset could have a 1:2 R:R
SILVER - Wick EntryI have been testing out a new indicator and it would be great to see it work in action at some point next week. Silver is highly correlated with golds movement and after analyzing XAUUSD, I expect the price to drop further on silver if it continues to step down. I will be placing a sell limit around the order block region to see if we can get a wick entry with a continuation to the downside.
COT Data - 67% Long