Xagusdbuy
Cam Silver offer us a clue?Today I've closed my short trades on Gold on 0 for one simple reason, I don't understand...
And turned to Silver for a clue... and the situation looks more clear here.
Silver found a bottom on 21.60 marked by a clear and nice pin bar. Since then, silver put in H-L on our chart and mow is trading in resistance.
I believe we will have an upbreak and the next target is 26.
Also, a long trade for this asset could have a 1:2 R:R
Silver Run on Liquidity We saw a run on stops in February this year as silver raided stops into the liquidity pool below $12.
The next raid happen this week as price broke above the $20 closing a short stops.
The next liquidity pool we should see price run to is the liquidity pool above $36 catching swing traders out who have the stop above these equal highs.
We should see a larger move higher above $50, as physical silver is very rare commodity that is used in industry and electrics.
With the gold silver ratio needing to narrow further, and with economic stimulus by governments around the world running rampant, we will see higher prices in silver.
XAGUSD SILVER BULLISH FOR LONGRead 'em & Weep.
Yellow targets are key resistance pts. --- we should hit that final green TP right around end of q2 IMHO: so end of June/Start of July expect to see XAGUSD hovering around 20-25$ range.
Very BULLISH on this commodity; as I am with XAU, though Rosland Capital analysts have projected a $38-45 ($43 ATH) return with 400%+ projected TA yet to be priced in*
*SOURCE: ROSLAND CAPTIAL DATA PORTFOLIO ANALYTICS ++ TD AMERITRADE PROJECTED ANALYTICS.
Disclaimer
Precious metals are not my forte; though commodities/currencies are my favorite form of equity. After vigorously studying portfolio analytics & data from Rosland Capital & TD Ameritrade: the aforementioned figures & projected analysis (with green TP / yellow TP representing both targets/resistance support, respectively) I am setting this as a LONG for it could be until the mid-end of next Q before we get there -- emphasis on COULD BE. Could be much sooner.
Though I am firm on my bullish stance for XAGUSD & adamant it will return to its ATH by end of Q2.
-@a1mtarabichi
Price of Silver Is Trading In a Triangle, What Does This Mean?In the market, there are no guarantees, only probabilities. That is why traders must always look and prepare for different scenarios.
If you have been following my analysis on Silver for a while you have probably seen some of my analysis suggesting Silver could rally to around $22 articles.
However, my bias has changed in the last few weeks as the price is unable to move in five-wave higher to break 2019 high. Instead, XAGUSD has been moving sideways. This behavior reminds me of more and more of a triangle correction under construction.
See the idea on the chart above.
The Elliott Wave Principle states, that triangles are sideways corrective patterns, constructed of five waves, labeled A-B-C-D-E, where each wave is smaller than the previous one unless it is an expanding triangle.
It appears that the Silver exchange rate has almost completed wave D to the downside during Friday's session. If this count is correct, we should expect another rally in the face of wave E, which would complete the whole triangle.
By any means, if my assumption of a triangle is right, wave D should not breach wave B low, and wave E should stay below wave C high. According to the Elliott Wave Principle, triangles precede the last move of the larger sequence. That is, Silver should resume its larger degree downtrend as soon as the correction is over.
What's your thought about Silver?
Silver/USD bullish signsHello.
Few noticements here on weekly time frame on silver:
Double bottom (red marks)
Good, clean looking reversed head and shoulders
After breaking the 200 ema (red line) it used it as support. If you compare this to previous movement it could be possible that we see upward movement as as long as we stay on top of it.
Same happened on the 20 ema (yellow line) four weeks back. Tested it 3 times but bulls took the lead.
Also downtrend (greenline) is broken with and nice looking cross on 50 (brown) and 200 ema which both are bullishs signs
Just simple speculation ;)
If you do trades always use stop loss
-Jebu
XAGUSD BuyXAGUSD Buy
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Thank you for your support!
Tradewithsam
XAGUSD "SILVER" SHOULD SURGE RAPIDLY IN WAVE iii of (iii)Just like GOLD and EURUSD, Silver is expected to advance higher in wave iii of (iii). This is wave is usually explosive and send the market in the direction of the trend faster.
I'm already long!
What's your thought on Silver?
Kindly let me know in the comment.
XAGUSD MAY DUMP MORE FROM HERE.In the name of Allah, the Most Gracious, the Most Merciful.
SILVER MAY DUMP MORE.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
SUPERLONG BULLISH on XAGUSD W bottomXAGUSD 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 link below for more information on these indicators & why I'm so bullish on them.
sirforex.net
After failing to break thru the necessary resistance on the 200 MACD we are most likely due for further bearish which is rather unfortunate, though perhaps a signal that this is BEST time to start buying and accumulating as much crypto as possible
TARGETS and stop are set with green & red horizontals respectively; with teal line signaling pivot -- though targets are more midterm range; the LONGER TP will be updated evidently...stay tuned!
Have a wonderful Sunday!
- @a1mtarabichi
Disclaimer
NOT financial advise
Triangle Breakout on Silver Set a Stage for a Bullish Reversal Just as in the case of Gold (XAUSUD) analysis published previously; Silver (XAGUSD) seems to have formed a contracting triangle corrective pattern in wave 4 as indicated by the wave structure of the sideways price action in September and October and by the converging trendlines that connected the extremes of waves (a), (b), (c), (d) and (e).
What is most interesting is that Elliot Wave alternation guidelines were followed correctly. Wave 2 unfolded as a zigzag and retraced 78.6% of wave 1, while wave 4 unfolded as a triangle and retraced 50% of wave 3.
According to Elliot Wave Theory, triangle always precedes the final move of a sequence. And once a correction is completed, the price resumes in the direction of the major trend, which is bullish in this case.
The triangle correction has set up a potential Wave 5 rally in Silver, and the projected target is 61.8 Fibonacci extension (blue area) on the chart.
Price has broken the extreme of wave (d) of the triangle, so the pattern has been confirmed, and traders should be looking for buy opportunity in subsequent HL on the lower timeframe.
Thanks for reading!
Veejahbee.