Silver’s rebound space is limited
After the short-term trend of silver fell and tested the low near 21.86, it gained support and quickly rebounded upward. The price of silver broke through the downward trend line pressure, but from the perspective of the moving average system, the objective trend has not entered an upward trend. The further rebound space of silver price is limited. It is expected that the rebound of silver price will continue to rebound around 22.60 during the day and will be blocked again.
Short at 22.60, stop loss at 22.80, target at 22.20.
Xagusdshort
XAGUSD - H4XAGUSD
Locally, sales can be considered by levels (22.66). The price may begin the 5th wave of the trend on W1. The price corrected to the trend level without fixing to it, from which a local reversal and further decline can be expected.
Weight loss targets - 19.88
What can you expect?
You can try to consider the entry level of 22.66 or according to the market. If the idea fails, it would be possible to make a full move on W1 at significant risk to the idea. Cancellation of ideas from level 22.88.
Targets 21.75 – 21.13 – 20.25 – 19.88
XAGUSD I Short from resistance Hello,Traders!
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XAGUSD is trading in a downtrend
on the daily, however after the recent bullish impulse
and bullish engulfing candle on the weekly, we believe a
correction to 22.28 is in process and then, more
potential upside is probable. Short!
Trade safe and good luck!
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XAG/USD | The Downtrend Begins - Time to Short!👋 Good day, traders!
📉 XAG, after being in a sideways trend for three months, is breaking the $22.43 level with a weekly candlestick pattern, signaling a short towards three target levels: $21.70, $20.60, and $19.23. I recommend considering sales from the aggressive level of $21.20 and the conservative level of $22.00, expecting a potential profit range of 1.5% to 12.5%. SL is set at ~$22.60.
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DISCLAIMER:
This idea is purely informational and educational and is not a trading recommendation. Each trader should analyze and make decisions based on this information independently.
XAGUSD - Textbook Break & RetestAnalysis:
This setup is a lot like the gold one that we took earlier, so the analysis is pretty much the same. Price has been in an upwards trend for a while now, until recently where we've seen price reverse and start to head to the downside. In recent times we saw a huge bearish confluence form, which was a break of the upwards trendline that price had been respected. This showed us that the bears had the momentum to break the upwards trend and make a move to the downside, so this favours our bearish thesis. At the area of resistance we have marked out we can see that this is where the most recent lower high was formed. When this area was touched in the past we saw price form a big rejection and head to the downside. This move was also the move that broke the upwards trendline, so this is a very strong area of resistance and we're currently retesting this area. We expect that sellers will step in here and push price to the downside, which favours our idea. Another confluence we have to add to our bearish thesis is the 50% fib retracement level which is at our area of resistance. This fib retracement level is often respected and with this lining up with our area of resistance we have even more reason why we think it's going to hold and that this is where sellers will want to enter into the markets. We also have the retest of the previous upwards trendline. Often in trading we see support become resistance and resistance become support when the level is broken, so this is what we expect to see now. We expect that the upwards trendline will now act as resistance, favour our thesis. Technical wise we have a lot of confluences pointing to bearishness, especially from the area we are currently at. Looking at the fundamentals the USD is the strongest major currency currently, so we expect to see some bullishness come for the USD which would favour our setup. Overall a lot of confluences we pay attention to are pointing to more downside for silver which is why we have a short bias on this pair and with the news coming out today for the USD we could get the catalyst we need to see a continuation move to the downside.
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Disclaimer:
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XAGUSD I Resistance ahead - short!Welcome back! Let me know your thoughts in the comments!
** XAGUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Completion of 5th Elliott's Wave on Silver Daily Timeframe 21.50 which has been quite a solid support in the last two years has been breached (Wave 3) and an ascending wedge/bear flag has been broken (Wave 4).
Once price is traded below this Month Open (which is below 21.50), there is a high probability that it'll test 19.00-19.50 area.
Analysis of the silver priceOn the other hand, technical indicators on the daily chart have not yet confirmed a positive outlook. Therefore, the $23.00 confluence region might continue to act as a barrier for any subsequent move up. Immediately following this is the ascending trend-channel resistance, which currently stands around $23.45 in price. As long as the XAG/USD maintains a strong upward trend beyond the 61.8% Fibo, a positive breakout will be confirmed. It is possible to regain $24.00 by reclaiming the $23.60 region.
As long as the XAG/USD keeps climbing above the intermediate barrier of $24.20-$24.25, toward the $24.55 swing high of June, the positive momentum could continue.
The downside is likely to attract some buying and remain limited near the $22.65-$22.70 area, or the 23.6% Fibo, if price weakness lower than $23.00 is confirmed. In addition, we need to consider "level." If this is broken, the XAG/USD could slide back toward the $ 22 mark. Falling prices will likely reach the $21.70-$21.65 zone en route to the $21.25 support and $21.00 mark if some follow-through selling occurs.
Silver Short Term Sell IdeaH4 - Bearish trend pattern followed by a double wave correction.
Price respected a strong resistance zone and bounced lower.
Price has currently broken below the most recent uptrend line.
H1 - Bearish trend pattern.
No opposite evidences.
Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
XAGUSD are you rdy for best short 😁Silver Woe to those who do not see the downward trend of silver.
The trend of silver is downward, on the other hand, silver's older sister, gold, is not in a good position, and gold's younger sister, which is silver, should be led down with it.
The trend of silver is currently in a bearish base, so we have the next bearish wave ahead of us.
The trend of silver is for 20.02677 and then it is 18.93789 dollars, so if you want to open a trade, don't forget the trend of shorting and selling silver.
XAGUSD - Growth is possible | Market outlookMain scenario
Long positions will become relevant above the level of 24.48 with the targets at 27.00–28.80.
Implementation period: 7 days and more.
Alternative scenario Alternative scenario
The breakdown and the consolidation of the price below the level of 24.48 will let the asset go down to the area of 22.77–21.36.
SILVER - XAG - Why I m BEARISH - FULL SETUPSilver is one step away from reaching resistance on the MONTHLY, it has increased a lot, a lot, but it will soon reach the area where many will close their profits.
There are many institutions that take profit in this area, so this area will become more and more difficult to hold and thus it will weaken a lot, in addition, RSI is super overbought and this shows that interest will soon decrease if the price does not have a serious correction.
I saw the first step on Friday when it rejected the support on the Weekly chart and fell quite nicely, but I have a SELL order above which is safer and could produce a nice profit.
Silver m15 short m3 entry Intraday ideaPrice made impulse move at beginning of NFP on Friday
It gave us 3 drives up, and then broke down into an impulse,
leaving a FVG on the m3 + relatively equal lows @ 20.370
The FVG coincides with the 2nd drive up, or previous high from the highest high
I am looking for price to fill the FVG and then take the sell side liquidity
possibly during asian session tonight, or during London/NY 3/13
XAGUSD H1 ZONE MARKING.We have XAGUSD H1 Analysis for Zone Marking.
According to this analysis, we can see the price still running under 200MA & price also tests trendline with selling pressure is a sign of a Selling trend for more confirmation of we market demand & supply zone which is mentioned in the downside
Demand zone3@ 21.356 to 21.426
supply zone1 @ 21.989 to 21.871
supply zone2 @ 22.548 to 22.630
Supply zone3 @ 23.612 to 23.396
Supply zone4 @24.654 to 24.366
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