- Using other indecators liek BB , we see pair at over-buy. - Price on Day cahrt : movings heading down as R to the pair. - The photo shows my view using channal way. Goooood luck is good risk management :)
Personally, I have no doubt Silver will see groth from Jan to March2024 Currently looking at Day chart we see price dropped to 38%Fibo and retreated back showing respect to this area that got conflunce to be a key area of former support /resistance .
Along with other strategy I used to determine the direction being bearish (that is 3SMA) but I got fascinated with this perfectly matching levels of the shoulders !! If you put (grid) on your chart , you'll note how candles made tails exactly at the same line/level for both shoulders. I expect price to keep falling below the neck as it is supported by weekly...
GOLD IN LONG NOW. Reasons are written in the chart. Check weekly to see that we have just finished the 4th wave and current A,B,C on daily is the 5th final bullish wave on weekly. Trade at your own risk!
It is just correction to proceed bullish but on bigger time frame. Wait to see.
-Short at this (R) -Confluence of 61.5 FEBONATCHI . - Price action respected this level with Day candle and 4H candle bearish give parabolic SAR confirmation. GOOD FOR ME TO CONSIDER AS NICE SETUP
The pair has shown already clear ICT CHoCH and now testing last LL. Probalities at this stage is nice and enough (FOR ME) to trade short. Good luck :)
Why I bit strongly on short? - Fibo 61.8 as ressitance -Price brok a trend line then corrected to re-test -at the same tme at desending upper trind line now - Elliot waves at 4H showing end of5th wave here - We have SMC senario where Choch occured breaking down the up trend , then first correction occured to re-test 1st LL and now we are re-testing 2nd LL - We...
Just Wait confirmatio then let us eat this cute chance . The concept is also based on Daily view that shows down trend. Good luck
I expect price to retrace to 50 fibo that is bottom of tringle , then fall down . SMA Death cross makes it interesting zone. Good luck
Time to see drop on EUR especially if we consider the monthly frame.
-In treand at upper side , then returnned. - Got SAR confirmation. -At proved daily R area (we can see double tops). - We have the lovely famous death cross 50/100 SMA. Zooming to 4H chart , I excepct price to rebound up (to re-test 50sma at 4H as resistance) then when it fail we shoot it short. It is preffered as well the above to occur after 50SMA cross 100 at...
Get SAR confirmation for reversal to be able get long position and profit from this nice chance.
My next week view on this pair to short after showing respect to the highlited resistance area. Good luck
Both scenarios are possible in this way either to go up or down The nice thing is by this it is easy to guess where to profit and how. Will see soon.
The weekly is honest one , I like now to wait and play with 4H sell confirmations. Easy stategy like SMA50 shall do it ! Good luck
Simple idea based on fork+fibo+sorizonal level of resistance makes me believe the pair would have difficulty to break above these levels and return to be shorted. Let us see what will happen before sell trigger.
-Longer time frame is stronger and more trust worthy. - Support & Resistance price action going in clear way. - The confirmation of getting nice strong bullish candle at the line of S/R. - Parabolic SAR confirming dot. -Above 50 SMA Personally , I won't hesitate to go long for long time :) CU THERE!