XAGEURK trade ideas
SILVER GOING LONG Going for a long term swing hold on silver.
Pending order ready for after short from 38.2 Fib Retrace
SILVERSilver has been moving simirarly to Gold. It just broke a rising channel bearishly. Based on Fibonaci, I expect more downside movement at least until 15.3 euros.
XAGEUR: Buy the dips if your local currency is the EuroI'd highly reccomend investing in Silver, if your local currency is the Euro.
You can take a longer term position here, risking 5% of your capital without a stop loss, or take a more 'swing' style trade, with a stop loss under 16.39.
Upside is considerable, specially factoring in a potential USD rate hike that might destabilize all currencies, potentially resuming the monthly downtrend in the Euro, which fundamentals warrant.
Good luck!
Cheers,
Ivan Labrie.
XAGEUR potential long movement soonXAGEUR is currently in a corrective downtrend. I am not interested in the downtrend at all, it may continue a bit more down. However i will watch it closely for the breakout to the top (i will not trade it, till i confirm the breakout). As we see there is a series of indicators which forecast the up movement (more details on the chart).
Thank you for your support.
SILVERDOUBLE TOP MINIMUM TARGET REACHED. I WILL WAIT FOR NEW SIGNALS FROM HERE TO EITHER TAKE A LONG POSITION OR STAY OUT.
XAGEUR will end the correction soonXAGEUR moving exactly as in the forecast. Correction will soon come in the end and the next impulse up will start. If you did money in the down side that's great! Congratulations!
Let's start preparing for the upside, i will watch it and update when i forecast the up movement is going to start.
If you want to follow my ideas, click the Like button so you receive the updates.
Thanks for your support.
XAGEUR Correction then up movementXAGEUR is going to correct at least 38% of the impulse movement and then i will watch smaller timeframes for a breakout to the top.
There is a HIGH PROBABILITY for one more up movement BEFORE a deeper correction.
Silver/Euro Big Long OpportunityYesterday i forgot to post it, you can still trade it. Potential is really good, but it will take time to work. We have Weekly Divergence working out which just started last week!
XAGUSD & XAGEUR both have a great probability of giving us great trades. Generally i do not trade them, but this year they will be great.
Thank you!
SILVERSilver seems to be activating a 5th wave and confirming a double bottom pattern. It needs confirmation
SILVEREURO-rejecting from 0.61 fibThe decline here was not too strong, price is finding support at the 0.61 fib level, we see also:
- bullish hidden divergence
- short term support
- stochs recovered from oversold levels
- convergence (we have already a higher high)
Best regards
*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
