Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Consolidation Phase at the Previous Strong Support Zone , If it Breaks the Upper Trend Line then Buy and If Breaks Lower Trend Line then Sell it is Rejecting from the Fibonacci Level - 78.60% with Strong Divergence
Bearish Trend XAGUSD After Analysis found in 1 hour chart Bearish Divergence, and the trend is bearish as well,Entry Point is also defined and TP1 & TP2 is set as well,
Waiting for a retest of 24.03681 to short XAGUSD back to 4H key level at 22.72148
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Analysis:
This setup is a lot like the gold one that we took earlier, so the analysis is pretty much the same. Price has been in an upwards trend for a while now, until recently where we've seen price reverse and start to head to the downside. In recent times we saw a huge bearish confluence form, which was a break of the upwards trendline that price had been...
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** XAGUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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21.50 which has been quite a solid support in the last two years has been breached (Wave 3) and an ascending wedge/bear flag has been broken (Wave 4).
Once price is traded below this Month Open (which is below 21.50), there is a high probability that it'll test 19.00-19.50 area.
On the other hand, technical indicators on the daily chart have not yet confirmed a positive outlook. Therefore, the $23.00 confluence region might continue to act as a barrier for any subsequent move up. Immediately following this is the ascending trend-channel resistance, which currently stands around $23.45 in price. As long as the XAG/USD maintains a strong...
H4 - Bearish trend pattern followed by a double wave correction.
Price respected a strong resistance zone and bounced lower.
Price has currently broken below the most recent uptrend line.
H1 - Bearish trend pattern.
No opposite evidences.
Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
Silver Woe to those who do not see the downward trend of silver.
The trend of silver is downward, on the other hand, silver's older sister, gold, is not in a good position, and gold's younger sister, which is silver, should be led down with it.
The trend of silver is currently in a bearish base, so we have the next bearish wave ahead of us.
The trend of silver...
On the daily chart, a downward correction of the higher level ended as the second wave. If the assumption is correct, after the end of the local correction the XAG/USD pair will grow to the area of 27.00–28.80. In this scenario, critical stop loss level is 24.48.
Main scenario
Long positions will become relevant above the level of 24.48 with the targets at 27.00–28.80.
Implementation period: 7 days and more.
Alternative scenario Alternative scenario
The breakdown and the consolidation of the price below the level of 24.48 will let the asset go down to the area of 22.77–21.36.
Silver is one step away from reaching resistance on the MONTHLY, it has increased a lot, a lot, but it will soon reach the area where many will close their profits.
There are many institutions that take profit in this area, so this area will become more and more difficult to hold and thus it will weaken a lot, in addition, RSI is super overbought and this shows...
Price made impulse move at beginning of NFP on Friday
It gave us 3 drives up, and then broke down into an impulse,
leaving a FVG on the m3 + relatively equal lows @ 20.370
The FVG coincides with the 2nd drive up, or previous high from the highest high
I am looking for price to fill the FVG and then take the sell side liquidity
possibly during asian session...
We have XAGUSD H1 Analysis for Zone Marking.
According to this analysis, we can see the price still running under 200MA & price also tests trendline with selling pressure is a sign of a Selling trend for more confirmation of we market demand & supply zone which is mentioned in the downside
Demand zone3@ 21.356 to 21.426
supply zone1 @ 21.989 to...
We have XAGUSD H1 Analysis for Zone Marking.
According to this analysis, we can see 200MA cross over the 50EMA is a sign of a Selling trend for more confirmation of we market demand & supply zone which is mentioned in the downside
Demand zone1@ 21.226 to 21.161
Demand zone2@ 21.356 to 21.251
Demand zone3@ 21.526 to 21.426
supply zone1 @ 21.989 to...
