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,
H1 - Bearish trend pattern. No opposite signs. Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
Waiting for a retest of 24.03681 to short XAGUSD back to 4H key level at 22.72148 If you agree drop a like and if you have any questions leave a comment :)
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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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...
Waiting and see if price can reach the blue area but be careful this set up is only valid if it happens during London or New york session
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 is having Resistance on H1 and M15 tendline and also H1 resistance so its a Sell signal we will go sell in this commodity
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.
Based on technical factors there is a Sell position in : 📊 XAGUSD 🔴 Sell Now 25.0355 🧯 Stop loss 25.7098 🏹 Target 1 23.9727 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
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...
Based on technical factors there is a Sell position in : 📊 XAGUSD 🔴 Sell Now 24.94 🧯 Stop loss 25.25 🏹 Target 1 24.20 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
Sell Stop Order Entry point :- 22.766 Stop lose :- 23.257 Target 1 :- 22.276 Target 2 :- 21.786 Risk 2% 200USD Capital 10000USD
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...