Xagusdshort
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.60 (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 15.34 (61.8% Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
DONT READ THIS!!!!!We have our target zone ( green box ) marked out ready for price to park itself in, this zone has been used as key support and resistance before as you can see.
Silver has been in a downtrend market since mid may 2016 and we can see this continuing until our target is hit, and as you can see from the bearish candles last week and this week there is still a lot of selling power around, after our target is hit we can see a lovely bullish market come into play as the US economy goes into recession.
What are your views on this trade? comment below.
SILVER LINING marked on the chart ( green line ) we have a key support level on the monthly, weekly and daily timeframe, we can see this been re tested again as price has made a nice bearish run the past week.
So we will be in a sell until we get to this level, you have to have patience in this game otherwise it will beat you up ( I am talking from experience haha )
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 16.50 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 15.87 (horizontal pullback support, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 16.259 (Horizontal pullback resistance, 61.8% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 15.577(horizontal swing low support, 61.8% fibonacci retracement).
Stochastic (89, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
TAKING HUGE PROFITS OUT WITH SILVER AND REOPENING THE GOLD TRADEUPDATE-We have took the entire profit out of the table from our silver trade at $15.700 which is mentioned below and making profit of about 1500 USD,However our risk free trade gold has been closed Automatically with no profit and no loss-we are reopening the gold trade
Currency Pair: XAGUSD ( SILVER )-(This trade has been closed)
Sell Stop Entry Price:16.00
Take Profit: 14.00
Stop Loss:16.100(moved stop loss)
Capital Risk:500 USD
Potential Reward: 12000USD
Risk/Reward: 1:6
OUR EXISTING POSITION
Currency Pair: XAUUSD ( Gold )
Sell Stop Entry Price:1320
Take Profit: 1160
Stop Loss:1320(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:2000USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 18000USD
Risk/Reward: 1:9
(we can adjust (limit, close or even reverse) the position before this price level is reached)
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 15.64 (horizontal pullback resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 15.55 (horizontal swing low support).
RSI (34) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAGUSD ShortENTRY: 15.705
SL: 15.778
TP: 15.584
This was a pair late last night I was looking to go short on.
My decision was not based on Ichimoku, but rather Support and Resistance, Candlestick Patterns, Chart Patterns, and Divergence.
Price came in contact with a Daily resistance level and began consolidating. The failed break of the previous fractal, along with divergence led me to believe the trade would go short.
Unfortunately, I couldn't stay up to see if this trade would trigger (even beasts need to sleep lol), but I had a pending order set in place.
I will delete my order for now and wait on other setups.
STAY TUNED!
CONGRATULATION GOLD BULL TRAP HAS ALREADY TRAPPED YOUAsset Pair: XAGUSD ( SILVER )
Sell Stop Entry Price:16.00
Take Profit: 14.00
Stop Loss:16.450(moved stop loss)
Capital Risk:2000 USD
Potential Reward: 12000 USD
Risk/Reward: 1:6
Asset Pair: XAUUSD ( Gold )
Sell Stop Entry Price:1320
Take Profit: 1160
Stop Loss:1340(we will reduce the stop loss points once positions will be more favorable)
Capital Risk:2000 USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 18000 USD
Risk/Reward: 1:9
(we can adjust (limit, close or even reverse) the position before this price level is reached)
XAGUSD Approaching Support, Potential BounceXAGUSD is approaching its support at 14.89 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 15.34 (50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 1.4% where a corresponding bounce could occur.
XAGUSD approaching resistance, potential bounce! XAGUSD is approaching our first resistance at 16.10 (Horizontal overlap resistance, 50% fiboancci retracement) and a strong drop might occur below this level pushing price down to our major support at 15.49 (Horizontal swing low support, 23.6% fibonacci retracement , 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
XAGUSD Testing Resistance, Potential ReversalXAUUSD is testing its resistance at 15.59 (50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 14.96 (38.2% Fibonacci retracement, horizontal swing low support) may occur.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop may occur.
XAGUSD approaching resistance, potential drop!XAGUSD is approaching our first resistance at 15.6584 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 14.9941 (horizontal pullback support, 61.8% Fibonacci extension, 38.2% Fibonacci extension).
Stochastic (55,5,3) is also approaching our resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.