Silver buy after breakout above TrendlineBuy silver after breakout above trendline forming lower highs, Price is currently at D1 Support
XAGUSD1! trade ideas
MCX SILVER MAY2021 CONTRACT SHORT THE 26-PERIOD LAGGING ICHIMOKU AVERAGE I.E CHIKOU SPAN HAS BROKEN DOWN FROM THE CLOUD ALONGWITH PRICE BREAKDOWN OF CLOUD INDICATING A TRUE BREAKDOWN WHICH WARRANTS A SHORT TRADE.
SHORT MCX SILVER MAY2021 CONTRACT @ CMP WITH TARGET OF 60976 & STOP LOSS OF 66161.
GOOD LUCK...STAY SAFE & TRADE SAFE!!!
Silver 3 hrly chartSilver is consolidation since almost a month making lower high.....resistance is 71800 and a pattern of ascending triangle is made.
Break Out abv 72000 can take Silver to 76000 - 77000.
Break down below 68700 will take it to 64000- 65000 levels.
SILVER CHANNEL BREAKDOWNSILVER CHANNEL BREAKDOWN
If further slip, nearest support will be
around 67700-66501 in short term,
resistance around 71400-72100.
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Updated on : 27-FEB-2021 12.50 pm
Disclaimer: Only for learning purposes.
Silver short possibilityExpecting silver to lower down from cmp with SL above swing high.
PA to watch
Hey $SILVER - What's next - Let me Guess !! #XAGUSDWhat does SILVER's recent history tell us ? No surprises I guess !!
[Commodity] Silver Classic Bear Flag ExampleThe trade is not triggered!
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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SILVERMIC 1hrs formed Ascending Trend line SILVERMIC 1hrs formed Ascending Trend line incase market reached this trend line check trend reversel in lower time frame then go buy entry
Silver Mini Buy / Sell based on FIBO and GANN IntradayBuy silver mic 69840
Stop loss 69500
Target 71010
Silvermic sell with sl 71000 sell silvermic and selver m target 67300 and 65800 breakout and cross over happened
SILVERMIC seems retraced well... and ready for ATH SILVERIC has a good support level on (67300-67600) and then on 74000 if it breaks 74k, then it may be an good opportunity to long SILVERMIC for at least 6 months.
SILVER POSITIONAL LONGPOSITIONAL LONG WITH CONFORMATION
CLOSING ABOVE (DAILY BASIS)
68686 GO FOR POSITIONAL LONG WITH SL OF 66604
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