CFDSILVER.USD.50.CFDSI trade ideas
Silver _ Long with stop loss of 22.246 4h chart
Pure price action trading. Refer to 4H chart of Silver. Previous high of previous swing in 4H Chart marked by Red Diamond and Blue Line. Wait to check this candle to close and next candle to stay above it.
Please refer to my previous analysis on Silver.
Silver - Time to Buy
Help on Execution
Now at the micro level of 1H, Green line at the bottom is same trend line as we drew in 5H chart. Price is out of the triangle marked by red hypotenuses. Remember, at the weekly chart, we discussed that the time left is 4 days. Now this time is crucial to note because this time will enable to bring SMAs, EMAs in iH chart or charts of smaller time frame to come in order.
At present, in iH chart, SMAs are in opposite direction, i.e 200 in above price and others are below that.
Its just a matter of time that after a count of certain candles the SMAs will be reversed and price is going to shut.
Please refer to my other posts on Silver as well Which I will try to attach.
Happy to share. Together we grow.
Time to Buy Silver.
Silver stuck up at the bottom in red ascending triangle making ABC Pattern in weekly chart ABC
waves are marked by various highlighted points. Green line above is working as resistance. Further, there are two black lines marked between 22.574 and 23.800. This is the range in which the price is stuck up right now.
Let us drill down to lower time frame chart.
Silver- Getting ready to Break out
Silver Started its Super Wave at 22.090 as is marked with vertical Pink line and now retraced back to 22.608 Level. A green Triangle is formed and the Hypotenuses on the right side creating resistance. Buy, only when price comes out of this triangle.
Last Friday, in the hourly chart, it touched 100, 50, 20 & 8 SMA. Wait for the price to cross 200 SMA. In terms of INR 70225 is the crucial level. Major support at 68644
The Author uses GANN, Fibonacci and Wave Analysis along with his own unique indicator which makes analysis very easy for Investment, Swing Trades and intraday as well.
For execution: please use William % R, SMAs or EMAS
Disclaimer: Author is not a registered Analyst with any of the National/International Regulatory Authority. This content has been created solely for educational purpose. Please consult your Financial Advisor before making any decision. Author is not responsible for any of your profits or losses.+
Happy to share. Let's grow together.
Silver in buying zone - Stay long above 2.624
Buy Silver, but wait till closing of today's candle.
The Analyst is not a registered analyst with any regulatory authority. But, uses GANN,, Fibonacci, Waves analysis and own leading indicator.
Silver AlertHi Guys,
This is a video about what is happening in potentially the most traded metals in the world.
The analysis is based on Institutional Demand and supply and Harmonics study.
Any contrary views are welcomed.
Silver forming Bearish rectangle patternXAGUSD is forming Bearish Rectangle Pattern looking for 22.40 target
Silver - Stay long till crucial level of 22.624
Silver looks good so long it does not break 22.678, Crucial Daily Level. The Author is not a registered Analyst with any Regulatory Authority. It is only for educational purpose.
Author applies Gann, Wave and Fibonacci alongwith own customized leading indicator. It is only for educational purpose.
Happy to share.
silver in correctionlooks like silver is falling in short term and going in correction phase. can go down almost 2% good for shorting in smaller TF.
XAGUSD ShortPair : XAGUSD
Daily bias : bearish
DOL : Downside BPR @ 23.87
Notes : Downside BPR Should support price for further upside move , Market structure shift in 1Hr time frame.
SMT : Yes with gold.
Entry : 1) From Breaker
TP : Recent Low
SL : 1) Above FVG
SILVER BREAK OUT UPSIDE TARGET &SLSilver break out upside with big volume with price action. target will be upper trend line & SL willbe just today candle low. Same as Gold.
Long XAG/USDXAG/USD Is approaching a very strong pivot level. This level has been tested several times in the past and as we can see on the chart it has been acting as support and resistance both. With the silver having a very sharp fall it is very likely that this level will act as a support, and there can be mean reversion after the extended fall that we have seen in the commodity.
Silver MCX ChartSilver MCX chart on weekly time frame. its is comes at good buying zone until & unless support lime is int acted Target will be upper channel trend line.
this is only educational
a short explanation on the commodities and setupsA short video on the gold and silver after the fall yesterday and looking at the longer term time frame to understand the key levels. Gold has been the worst performer while the rest are actually looking bullish. Silver has been outperforming gold and that is something that we need to be aware of as it is also used in the industry. Overall the base metals and silver seem to be doing better than gold. The news from bank of canada increasing the rates did not sit well with the market with both gold and silver falling immediately after that. Anytime we have the yields go up the metals and other investment instruments which are assets without any yields underperform and become unattractive comparatively.
XAGUSDHey guys, XAGUSD has approached a very strong demand area. 24.500 area has been holding and price keeps retracing when it reaches there. wait for afew rejections to the upside before taking the trade. Always use proper risk management.
Silver Possible Elliott wave countsHello Friends,
Hope you are doing well,
Here we had shared possible Elliott wave counts on Hourly time frame chart of Silver in which we can see that we have completed wave 1 as impulse and now we are in wave 2 as a correction, in wave 2 we have finished wave A & B and now we are in second last leg of wave C. Wave C should unfold as five subdivisions as a wave (i), (ii), (iii), (iv) & (v), in which we had completed wave (i), (ii) & (iii) and now we are in wave (iv) of C and still we have to fall one leg lower as a wave (v) of C.
Here we had marked one Horizontal pressure zone as a red colored zone, where price got support couple of times and also got rejections couple of times, which may again provides resistance and wave (iv) may complete there,
Co-incidentally major exponential moving average like 200 is at same level of pressure zone which can provide resistance at least once because price is below 200 EMA on hourly chart, While same 200 EMA of daily time frame is below current price levels and at same Fibonacci level of 1.618 which can be target level of wave C as per wave A and B. where wave (v) of C can fall and complete.
Overall, looks bullish, but still one leg down may come before the rally, Down leg we may see a good bullish divergence in price along with indicators like MACD and RSI etc. it could be an opportunity to go long, My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Hourly time frame EMAs
Daily time frame EMAs
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
silver sell zoneremember the green zone
whatch your stops
if the trend had a strong pivot before u shouldnt enrty the market
SILVER possible Elliott wave sountsHello Friends,
Here we have shared possible Elliot wave counts of SILVER 4 hourly chart in which we can say possibly we are heading towards north direction as a fresh impulse wave, which can lead towards Bullish bias as now onwards.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Ready for a breakout Silver stuck in a triangle pattern. Either side breakout can give a good momentum
