Possible bullish movement, since silver has broken through and not re-entered triangle. If not silver will re-enter and continue its downward momentum.
Price coming off nice inflection point of resistance turned to support
Choppy slow downtrend - looks to be a retracement against new uptrend
Enter on break of next swing high.
Track speed of the break with 20 SMA on 4HR chart
Take some profit where available ie. 1R
Goal is to catch weekly and month timeframe uptrend.
As trend develops add positions
Hello, traders. At XagEur we can look now for a buy trade to the upside, possible to touch the top. Use tight SL if the price reverse down, and put it on breakeven if once there is an impulse.
Happy trading, guys.
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Most popular metals have been showing a bullish move this week.
Silver is not exceptional.
We can see the reversal move completed and the resistance broken and retested as support.
I expect this to soar to at least +70pips
Hello everyone,
We are finding a bullish bat on XAGEUR, The entry will be divided into two, you can find them on the chart, everything as shown. trade with care. cheers
XAGEUR is trading on a 1W Channel Down (RSI = 26.364, MACD = -0.420, Highs/Lows = -0.7743, B/BP = -1.3920) on a steady bearish pace (as the neutral 1D CCI = -24.2424, Highs/Lows = 0 indicate). We are short, targeting 11.6000.
I'm currently traveling through Europe, doing a tour of Germany, France and Spain. Being the Gold and Silver bug that I am, I like to check the price charts in the currency I'm using.
Even priced in Euros, Silver is painting a deathly head and shoulders pattern, probing critical support. Even in Euros, the measured move projects down to below the 2008 low of...
Euro may fall because of the difference in the ECB and Fed rates
The Parabolic indicator gives a bullish signal.
The Bollinger bands have widened, which indicates high volatility.
The MACD indicator gives a bullish signal.
Long term target 18.50
Buying the pullback for getting a little profit in short Term.
Then take partial profit and we get a free risk position for long term changing stop loss to breakeven
-37 week continuation descending triangle
-Possible 5 week horizontal range launching pattern (boundaries are not well defined)
-Second entry attempt
-Looking to put 40 basis points of risk initially, an additional 40 if conditions are favourable
-34 week continuation decending triangle
-Possible 5 week horizontal range launching pattern (boundaries are not well defined)
-Looking to put 40 basis points of risk initially, an additional 40 if conditions are favourable
Hey Guys!
Seems like a good entry point for silver!
We have a strong support and if we look at the MACD and the stochastic RSI, it seems like there is nothing wrong with an long term invest.
What do you think ?
