Xagusdshort
#XAGUSD next downtrend (Daily chart)In the daily chart it looks to me like we could start looking for short positions in silver as it broke the HL and didn't come back to any resistance level we can go looking for a position once there is a retracement again and hope it hits its support
Not a signal
DYOR
XAGUSD - 60 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
XAGUSD | New perspective Despite been on a long term bearish momentum since the beginning of the year, the breakout of the bearish trend line on the daily timeframe a couple of weeks ago opened up the possibility of a potential reversal pattern in the coming week(s). However, since the breakout of the trendline we have noticed the appearance of a consolidation phase just above the $21.000 zone which also reflects selling pressure in the last 2 weeks.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
XAGUSD#FOREX #XAGUSD
Silver falsely broke through the corner (but made it possible to make good money on its breakdown) and returned to the zone of uncertainty. We are waiting again.
Now the price is trading at the level of concentration of horizontal volumes - ROS. It is sandwiched between two important corners (red and red).
Slight probabilities are in favor of a downside (red scenario) due to a sustained mid-term downtrend and a weekly RSI below 50-60.
Also, such false breakouts, as highlighted in blue, indicate the weakness of bullish sentiment, and the need to collect liquidity before moving further along the trend.
In favor of growth, we can note the formed parabola (yellow), and the fact that the key global red corner is still held.
If the price manages to consolidate above the red angle, then it will continue its upward movement along the parabola to the Gann angles at ~23.2 and 24.6
By and large, like many other financial instruments, silver is in an area of uncertainty when volatility is compressed. This means one thing, that we will probably soon get a strong movement in one of the directions. Then it will be possible to stand in the desired position with a larger volume. In the meantime, you have to significantly reduce the volume and trade small movements.
*This post is not an investment recommendation or a trading recommendation.
XAGUSD ShortList of confluences:
1: Trendline Breakout
2: Rising Wedge Breakout
3: Bearish Market Structure LH + LL
When we look at the bigger picture trend, we can see that sliver is in an overall bearish down trend. We can clearly see a trendline breakout and a rising wedge breakout in the
direction of the bigger trend. This is followed by visible bearish market structure as price is creating lower highs and lower lows. These combined with an extremely strong
US dollar and a 40 year high CPI data release, we are expecting silver to trend lower as the fed continues with its aggressive rate hikes.
XAGUSD | New perspective The appearance of a reversal pattern around the bearish trendline identified on the daily time frame insinuates a bearish momentum for the week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) is high-risk and unsuitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Forecast XAGUSD⚙️In the forecast a month ago, a medium-term loy was determined. However, now the price has not sent to a rapid inertial growth towards the designated targets, but is stuck in a triangle of corners.
⚙️The price has been testing EMA-50 from below three times in the last 2 months, and so far cannot break through it.
The factors described above force us to consider the second downward scenario to levels ~12.4
Obviously, soon we will see a way out of the triangle marked with red lines. This will make it more likely to make the right choice in short / long.