Price is heading up towards a medium term resistance trendline. At that level we find the 0.786 point of XD of a bearish cypher pattern. Key Resistance Level:
Price broke a short term resistance level, it pulled back and now forming a bullish pinbar. Overall trend is up.
Price broke a medium term resistance trendline. What we are looking for is a bullish price action signal or a bullish harmonic pattern. We may also trade this set up with no signal. Just place your buy order at the trendline which now acts as support. Good luck..!
Price has formed a bullish pinbar at a key support level. - Medium Term Support Trendline - Medium Term Horizontal Level - Price Flip * Trade this setup in two units. if price reaches the first target move stoploss of the second trade at breakeven.
Price has reached a key resistance zone where we see multiple rejection. In that level we also see a 1.27 extention fibonacci level of 1.8248 - 1.9209 leg. A bearish pinbar has formed giving us a nice short trade setup. Trade should be taken in two units. If price reaches the first target we move stoploss to breakeven at the other one.
Silver formed a bullish pinbar in the daily chart. - Trade should be taken in two units - If price reaches the first target move stoploss to breakeven in the second trade.
Price has formed a bullish pin bar at the bottom of a channel. In addition we can see a horizontal support level which gives an extra support at the level.
Price has formed a bullish gartley pattern at a key support zone. We are a liitle late with this setup but luckily this gives us a better entry point as price has dropped below 0.786 point of the XA leg.
Price has formed a bullish Gartley pattern a key support level. It seems we are a little late with this but luckily we have a better entry point as price has dropped below 0.786 of the XA leg.
Price has reached a key support zone where we should keep an eye for a bullish buy signal or a bullish harmonic pattern. If any of the above happens in the coming days we will come back with the setuo
Price formed a bearish bat pattern in a short term resistance level
Silver has formed a bullish pinbar in a support zone. This is a trade against the trend so trade it small. Good luck..! * Our last xagusd idea worked well:
If price retrace it may enter a key support zone where it's waiting a D point of a gartley pattern Key support zone: - Long term support trendline - Medium term horizontal level - 200 SMA acting as support Bigger picture of key support level:
After a short term support trendline breakout, price is expected to pullback. We indetified a bearish cypher pattern where its D point is formed exactly at a short term resistance level.
Long Trade Setup Reasoning: - Overall trend is up - Price is testing 200 SMA - Price at key support horizontal level - Price at key resistance support trendline:
In addittion to my previous idea we see that price has formed a bearish gartley pattern in the key resistance area we mentioned. Key reistance zone:
Price broke a short term support trendline and pulled back to it.. Look for a price sell signal or a bearish harmonic pattern in lower timeframes. In the daily chart price has formed a bearish engulfing bar in a key resistance level:
Price broke a short term resistance trendline and pulled back exactly at the trendline which now acts as a support. At that level we can see an inside bar giving as a reversal buy signal. RSI is oversold