Hello Traders, Hope you all are doing good!! I expect SILVER to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can...
Analysing the H1 time frame i spotted the raising trend channel where i expect the breakout of the channel below the boundary, but till then the channel is active, you should wait for the breakout then sell at retest area, if you are willing to buy, you can look for confirmation using 5M, 15M TM for trading pull back.
Analysing Daily timeframe, i spotted that the silver traded within the raising trend channel and have reached its resistance, soon the price will reverse to the downside, you can use the FIB numbers to identify next supports as i consider the horizontal key support with rectangle drawing. Note: All ideas forecasts are my personal views on the market, I share...
52-Week High 27.500 14 Day RSI at 80% 25.112 Pivot Point 3rd Level Resistance 24.219 23.890 3-10 Day MACD Oscillator Stalls Pivot Point 2nd Level Resistance 23.719 23.642 61.8% Retracement from the 52 Week Low Pivot Point 1st Resistance Point 23.379 High 23.220 High 1-Month High 23.220 13-Week High 23.220 Last 23.038s Last 14 Day RSI at...
silver can come down in short term, but need to be cautious wait for conformation to make lower - low or to break the lower trend line to break and one can initiate in short trade.
On Weekly Basis: Silver completed its 50% correction from USD 26 to 18. There are several resistance pivots at 22.15 on weekly charts. Wave A, B, C and D is over in Silver and Wave E should resume anytime now. Short sell is a good choice at 22 level with a target of 14 which becomes a strong buy from long term point of view. 200 DMA is also at 21.45 where price...
very small risk and reward is huge approx 7:62. and triangle breakour has been seen, so target is up side..
Silver today's range for entry. Stop Loss only 250 point and target 250 point, trail SL on each 250 points movement.
Silver Buying and Selling Zone Marked. Plane Long Trade When it touches the demand zone, and Plan Sell trade when it touches the supply Zone.
bearish outlook hourly- strong sell (target- 56730/56045/55675) daily/weekly- sell(swing short) bullish outlook immediate resistance/targets -58650/59550/60880 as per current market trend prices should test the lows
Hello Traders, Hope you all are doing good!! I expect SILVER to go UP after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can...
Silver at its first strong support of 17. Next at 15.3 . Good time to enter for long term in my opinion
#silver trading for Intraday on Silver as per price action as silver consolidated near 57000 to 56600 on thurday level. So these levels will act as the support and resistance again and here its forming the consolidation pattern. another major trendline coming up from the high of 13 septemberso for the buyer once that trendline breaks will give the breakout. and...
As per above Chart analysis possibility of ending wave 4 which was complex wave WXY, now it can continue it's uptrend in wave 5 which can extend till 0.786 fibo ratio.
MCX:SILVER1! set up says silver is bullish but we can see some resistances also, trade with small targets or trade with trailing stop loss. 📝 If anyone facing any issues or not understanding anything than please ask your doubts in comments. Become an independent trader take charge of your own trades Learn . Apply . Grow **whatever charts or levels or...
Silver can go short in this supply area . Planning short trades will be better.
silver is sell on rise as there is no change in the fundamentals yet so break above the given resistance line is not seen in near future so we continue to drop in the downward channel also it depends on the behaviour of dollar index and cpi data of usa so upcoming Data can be used as a trigger for change in the fundamentals and can help silver to get above the...
Silver possible wave counts are still suggesting not to go long at these levels, this may correct more, be cautious. Possible Elliot wave counts on weekly time frame macd in weekly is negative Possible Elliot wave counts on daily time frame macd in daily Negative Possible Elliot wave counts on 4 hourly time frame macd in 4 hourly is still below zero...