Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed the Breakout of the Corrective Pattern " Rising Wedge " in Short Time Frame and Completed the Retracement at Previous Strong Resistance Level. " 12345 " Impulsive Waves and " ab " Corrective Waves completed
XAGUSD aka SLVUSD or Silver (traditional) purchased a signifcant bounty of tangible coins as well as options/shares on ETFs.
I am SUPER bullish on Silver & it is set to seek a 400%+ increase in the next year (gregorgian) with upwards of 200%+ in the next fiscal year.
As we've discussed in the past; M tops & W bottoms are key indicators; please defer to this...
Silver is starting to turn, look for buys at the lows.
Breaking out form the current structure will mean new highs are coming otherwise still possible to make one leg down.
XAG/USD has been in a consolidation zone since the beginning of January.
Although, the long term trend is bullish, we may have a little dip as the bulls take in their profits.
Risk no more than 1%
Trade safe.
With the current situation going on in the world with trade wars among the highest economies and NATO and Russia kicking off some of the largest military exercises since the end of the Cold War, we can expect the price of metals to increase for the next few weeks as people would cash out their money from their banks and invest in a commodity because of the current...
I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal.
It requires...
