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Xagusdlong

Silver count long whilst in channel moving your stops upThe 4th wave there is overlapping the first wave a little (breaks the rules).. however for the purpose of this count lets just accept that it is the fourth wave.. on retrace it should go back to the trendline to test it again and the blue arrow should be the first of the more powerful moves up. Stops should be below the trendline - and should give it some over shoot room... at this stage around 18.154 looks safe.. If price breaks under the trendline best to sit out. Invalidation of this count - 17.919 - good luck be careful with your trades
TVC:SILVERLong
by slicedmelon
XAGUSD looking for LONGXAGUSD has been consistently growing on the Weekly timeframe: We closed last week with an indecision bar; however, the fundamentals should point higher and the Daily timeframe is still on an upward trend, so this might be a physiological retracement. Let's see where the 4-hour chart brings this moment of indecision to see a clearer direction, which could make the price rebound to the upper trendline (also just below the 50% Fibonacci) somewhat below 18.40 The main trendline (violet in the chart) should anyway hold on the Daily.
FX_IDC:XAGUSDLong
by AlbionTrader
XAGUSD looking for LONGXAGUSD has been consistently growing on the Weekly timeframe: We closed last week with an indecision bar; however, the fundamentals should point higher and the Daily timeframe is still on an upward trend, so this might be a physiological retracement. Let's see where the 4-hour chart brings this moment of indecision to see a clearer direction, which could make the price rebound to the upper trendline (also just below the 50% Fibonacci) somewhat below 18.40 The main trendline (violet in the chart) should anyway hold on the Daily.
FX_IDC:XAGUSDLong
by AlbionTrader
Silver lower high bottom in december 2016?I think silver is on its way to confirm the bottom that was set in december 2016. I don't think that is quite confirmed yet because silver is sill ranging in the downward trend since the peak in 2016-07-04. But I can see two potential inverse head and shoulder come into play. First play: If silver closes over 17.20 these three coming trading days, I would expect a fast run to 18.50 before any resistence (won't be looking for any trades here since no PA). But I will look to short at 18.50 if opportunity occurs. And after 18.50 is reached I will expect a correction to 17.10 since its the breakout line, right shoulder and the 50% fib correction level from the bottom (16,62-18,50). Second play: If the silver decides to have its correction now I will be looking to long at 16.20 level because of the potential right shoulder (will need PA to confirm though).
FX_IDC:XAGUSD
by Mattson