short @17.65
Buy above 17.31. Stop loss at 17.16. Take profit at 17.48. Reason for the trading strategy (technically): Price is now testing major resistance at 17.31 (Fibonacci retracement, horizontal overlap resistance) and we require price to close nicely above this level before triggering a bullish move that should push price up to at least 17.48 resistance (Fibonacci...
Sell below 17.34. Stop loss at 17.48. Take profit at 17.11. Reason for the trading strategy (technically): Silver is now hovering above 17.34 major support (swing low support, Fibonacci retracement, ascending support) and a clean break of this level would trigger a bearish move to drive price down to at least 17.11 support (Fibonacci retracement, horizontal...
Silver continues to test major resistance at 17.03 (Fibonacci retracement, breakout area) and a potential reversal could occur at this level. We can see that price has made a bearish exit of our long term ascending support-turned-resistance line and coupled with a bearish divergence, this could be the setup for a strong drop. RSI (34) has made a bearish exit of...
THE ICHIMOKU PROJECTS STRONG LEVELS OF SUPPORT AND RESISTANCE THAT ALLOWS US TO GAUGE RISK/REWARD. BY USING MULTIPLE TIME-FRAMES TO DETECT THE SHORT-TERM FRACTALS WITHIN THE LONGER MORE PREVAILING TREND YOU CONFIRM A TREND BY DEFINING IT (LOWER LOWS AND LOWER HIGHS & VICE VERSA). THE RSI GAUGES THE TIPPING POINTS OF MOMENTUM, LIKE IF A PENDULUM'S SPEED WAS GAUGED...
Silver is approaching a major level of resistance at 16.31 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) and a strong reaction could occur at this price to push price down to support at 15.62 (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at 16.63 (Fibonacci retracement,...
Price is approaching an area of resistance at 16.31 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) and a strong reaction could occur at this level. Our next level of major resistance is at 16.63 (38.2% Fibonacci retracement, horizontal pullback resistance) and our next major level of support is at 15.62 (Fibonacci...
Silver is seeing major resistance at 16.313 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance) and a strong reaction could occur at this level. The next major level of resistance is at 16.639 (Long term 38.2% retracement, horizontal pullback resistance) and the next major level of support is at 15.62 (Fibonacci...
Idea: Possible resistance and return to the down trend. DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk. Update idea
Definetely everyone is waiting for a VERY STRONG LONG BREAKOUT for silver. And the key word here is: EVERYONE. We can be 80% sure, that silver will rally in the coming weeks/months. But what does a rally need? STRENGTH, ENERGY and MOMENTUM! That's what we still don't have. Silver simply can not perform a BREAKOUT with RSI being near 60-80 on every timeframe!...
A break of resistance will support the price for a rise in the case of a false break. The price will repeat the previous support level 16.50 Any breach of the two levels will give the direction of the future price movement directly with caution from the false fractures
Currently rough in a neutral area with a relatively bearish tendency, the following analysis is a personal analysis and represents my point of view We have three Importantes points False fracture: support for landing Break Resistance: Support Landing Continuing in this area: support the rebound Follow me (for more ) on Twtr : Alaed1ineha or insta : Alaedineha
My previous recommendation on Silver to short at 17.30 for a target to 16.85 was successful, For now a top of the head & shoulder pattern is completed, expecting for the right shoulder to be formed to confirm the pattern. Intermediate trend looks to be bearish now as it broke the multi-days bull channel & all momentum indicators are turning bearish so a lower top...
I am looking to short around 17.30-50 for a target to 16.81, Stop above 17.85
Short XAGUSD (Silver) @ 17.938; TP @ 17.22, SL your choice
Over trend is bearish so far it seems to be respecting higher the trendlines based on higher timeframes, Still no major bearish action yet but this could be the start of a Downtrend Continuation SL's and TP are on the chart but please use risk management! Waiting for more lower highs indicating bearish price action and seeing how much it pulls back. Stop hunts...
Silver has hit it's resistance line of 16.84 and after the non farm payrolls, it has fallen. RSI and MACD are both in a down-trend, and price is also below its 200 EMA. In my opinion, that's a few good reasons to go short.
Base on channel, I believe will be down and would be same with Gold reaction