silver looking buy on dip , hope next going big up move 17.40$
On the Silver daily chart has formed an Inverse Head and Shoulders. However, before to open a bullish position, it is wise to wait for the break of the resistance at $ 15.00 which, in all likelihood, will push the price to $ 15.50/15.60 area.
Short term Elliott Wave view on Silver (XAGUSD) suggests that the decline from February 21, 2019 ($16.21) is incomplete. Structure of the decline from $16.21 is unfolding as a zigzag Elliott Wave structure. Wave B of this zigzag structure ended at $15.63. Wave C lower has started and should subdivide in 5 waves. Down from $15.63, wave ((i)) ended at $14.88 and...
We are looking at a model of XAGUSD (Silver) On the monthly chart : Clear and confirm Double bottom we recommend buying now-Entry price: 15.47 Stop Loss: 15.00 Take Profit: 16.20
EURUSD, Eur bottom formed, it may take time to hit target, 11th december crucial for brexit deal, 19th december FOMC. $index high probability weakness ahead.
While gold has been rallying, silver has been silently consolidating getting ready for lift off.... Last daily candle close was a bullish engulfing, which makes me confident to long any retrace down to 14.650 region, stop loss below bullish engulfing candles low....
Having a good idea, beforehand, where the buy and sell stops are located can give an active trader a better idea regarding at what price level buying or selling pressure will become intensified in that market. Buy Stops -15.050(buying pressure) Sell Stops- 14.450(selling pressure) Our Active position ASSET--Silver Sell Limit Price: 14.700 Take Profit:...
1. Long- term trend on D1/W1 bearish 2. Price came to Key level $14.39, bounced from it so many times and made a fake broke. 3. Potential profit in 4 times bigger than risk. 4. The price is moving to key buy level $13.66. Near that level we can look for a Long only. Sell at: $14.30 S/L: $14.46 T/P: $13.76 C.C.L. — Candle created level C.A.P. — Candle Approved...
Welcome Back! Today I wanted to take a look at silver to find the next area of accumulation. Taking a look at the monthly, silver has been retracing for the last 5 years and it doesnt look like its quite done yet. Prices recently broke out of a descending traingle, indicating further bearish continuation. However, 3 waves are often short lived so the best thing...
XAG/USD labeled in a complex structure, Double Three, where W is finalized and X performed with a false break-out. Expecting a bullish swing to start.
Hi all, Silver is at an interesting point right now. I am waiting for a set-sup to go long on it due to: - The five waves down have completed, - RSI is at very low levels (and showing a small bounce. There is some reason to be cautious: - This may be wave A of a larger ABC correction down, - Silver declined 9% after breaking the lower trend-line but I expected...
No long explanation here, just thought i'd do a quick share on markets I am watching to get in on for the long haul. If you read most of my charts in the past 3 weeks, you should know how I trade. Feel free to use this as your guideline. This is long-term trade so atleast a year upwards before you look into collecting your winnings. I don't really suggest where...
In the light of today's huge decline,we decided to move the stop level below our entry point,so at the end we are locking-in some of the profits while giving the space to letting them grow further. please note-The decision we are taking is a preparation for a possible huge price drop,it simply does not reflect the likely outcome. At the moment of writing this...
Quick update-T.P Hit for Previous short-term trades for gold and silver At the moment of writing this update our full 250% net short positions in gold -1.65% , silver -0.53% and mining stocks are well justified from the risk and reward perspective. The USD Index broke above the medium-term reverse head and shoulder pattern and the rising wedge pattern while...
Wait for the pattern to breakout for confirmation of bull run. Time frame can be 5-6 months for the target
At the moment of writing this alert our full 250% net short position in gold -0.34% 0.14% 0.79% , silver -0.13% -0.06% -0.26% and mining stocks are well justified from the risk and reward perspective.our positions are in good profit but it seems that our sizable profits on the short positions are going to become even bigger shortly. Summary-The next reversal...
At the moment of writing this alert our full 200% net short position in gold 0.79% , silver -0.26% and mining stocks are well justified from the risk and reward perspective. In other words, for the first time ever, we are increasing the position size to 250% of the regular position. Not much happened in the precious metals market at first sight, but this time...
Silver should shortly break the sub-wave (iv) low to confinue the wave (v) move that will finish the larger degree down-move. Expecting a bounce after that. Both the larger-degree wave extension and the smaller degree wave one extension put the 1.618 extension at 15.210 and thats good enough for me as a target.