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SILVER XAGUSD SHORT SETUkist OANDA:XAGUSD Silver ran up hard to close the week. The 10R shows the supply and demand zones as well as RSI pivot and the volume profile. Essentially Friday afternoon's close forms a double top with the high from the previous morning generating a reversal pattern. I think Silver is due to correct and reverse. For the short setup, I will set a stop loss just above the recent high of Thursday morning while targetting just above the top of the support zone This offers a narrow stop and a high reward for the narrow risk. P lease comment offering your opinion. Thanks !
FXOPEN:XAGUSD
by AwesomeAvani
XAGUSD This probably the last wave before the huge move to the upside happens. I still maintain a bias of commodity currency boom and commodities long term view. With a basic understanding, Say's law. The one thing giving true value to commodities and commodity currencies is really green energy policies. Suddenly we have a shortage of everything everywhere. The transition from something that works to something that might work without a financial economy of its own is why we have shortages or everything right now. I believe we have one cycle before all these policies are reversed as we have seen in some cases lately, but we ain't there yet.
OANDA:XAGUSDShort
by Beclinks_Capital
2
XAGUSD possible pullback for intraday traders (H1)Good day traders, If you saw my previous Silver/ XAGUSD market analysis, you will know that I'm bullish bias on the weekly timeframe but what happens to the traders trading on lower timeframes? This is what you need to know: Silver is trading in a range on the hourly timeframe. We have a concrete resistance that we are currently approaching. Should the market reject, we will see the XAGUSD carry out this plan. It will than short to retest our support and slightly break through it to complete our ABCD bullish trendhike which will be the final confirmation we need for our XAGUSD W1 bullish market analysis. We will however close the day above the market opening price. Please share your thoughts. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
OANDA:XAGUSDShort
by Mezzoforte_Privilege
3
XAGUSD Broken last Support Zone, Descending TriangleI am sorry I am a little late on this one since I have not traded it for a while. Just like gold (XAUUSD), Silver is also influenced directly by USD. With USD on steroids, silver has broken lower than the last support of 21.83. It is now approaching its first target zone marked in green, breaking where it will proceed to the target zone 2. This trend will not stop until the Federal Reserve gives it a break on the hawkish policies to strengthen USD. The large descending triangle covers the entire period where USD lost its ground owing to COVID and USA presidential elections and is now on its way to reclaim its glory, although through some very drastic measures. Please consider these target zones to see the most probable future targets. In order to proceed to the Target zone 2, it must break lower than target zone 1. Happy trading, Happier profits, be a responsible trader and ensure proper risk management :)
OANDA:XAGUSDShort
by Uzi-Trades-Forex