SI1! trade ideas
Silver Looking Bullish on weekly TFSilver is looking very bullish on the weekly time frame charts. If it breaks the trendline with volume, path will be open up for newer highs. target would be around 75000. SL is around weekly low and should be as per risk appetite.
Silver Short Trade1. Weekly candle: Trend reversal ' DOJI '
2. Price at took weekly resistance
3. RSI Negative Divergence
Note: Follow the SL & maintain discipline.
MCX SILVER UNDER GI WAVE METHOD Mcx Silver Mini Trading on up trend market using Gi-1 method price expect upside
Silver Long (30 Nov)Intraday
Silver Long (30 Nov)
RSI- 72
Buy at CMP- 63250 or at 63100
SL- 62740
Target- 63830, 64200
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Silver Short (28 Nov)Intraday
Silver Short (28 Nov)
RSI- 47
Sell at CMP- 61650
SL- 62070
Target- 61185, 60920
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Silver Short (23 Nov)Intraday
Silver Short (23 Nov)
RSI- 47
Sell at CMP- 61450
SL- 61690
Target- 60850
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Silver Long (21 Nov)Silver Long (21 Nov)
RSI- 61
Buy at CMP- 60570
SL- 60150
Target- 60915, 61140
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Silver Short (18 Nov)Silver Short (18 Nov)
RSI- 36
Sell at CMP- 61100
SL- 61590
Target- 60735, 60465
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Silver ready to moveSilver after consolidating for long, ready to move towards 78K and 89-90k levels. Supertrend on weekly timeframe has turned green.
Silver Short (17 Nov)Silver Short (17 Nov)
RSI- 43
Sell at CMP- 61550
SL- 61800
Target- 61210, 60980
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Silver Long (16 Nov)Silver Long (16 Nov)
RSI- 74
Buy at CMP- 62420 or at 62330
SL- 62035
Target- 62850, 63020
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Silvermic - Bears in ActionSilvermic (Next Month) - Sell area 36800-900
Sl 64250
Tgt - 61500
Reason - Break of Trend Line
Reason 2 - Hourly Bearish Engulfing
buying opportunity in silvermicsilvermic has tested the resistance zone 3 times on 1 hr timeframe. if there is breakout there will be buying opportunity
Silver Short (07 Nov)Carry forward
Silver Short (07 Nov)
RSI- 70
RSI divergence
Sell at CMP- 60890
SL- 61275
Target- 60160, 59700
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silver buy on dip sidevery small risk and reward is huge approx 7:62. and triangle breakour has been seen, so target is up side..
Silver long (02 Nov)Silver long (02 Nov)
RSI- 69
Buy at CMP- 59175 or at 59000
SL- 58750
Target- 59700, 60250
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Silver long (31 Oct)Silver long (31 Oct)
RSI- 52
Buy at CMP- 57560
SL- 57250
Target- 57850, 58000
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silvermic trading opportunityshorting opportunity in silvermic. wait for proper breakdown to enter in trade
False Breakout Trap In Flag FormationThis is very good example of false Breakout Trap in Flag Formation.
What happened in this case , Silver is in downtrend fir long time and a reverse chart pattern formed near the bottom of the week.
A flag formation is formed in 2 days of trading session where I used 3o minutes chart for this formation.
Once the flag formation breaks near high of the trend line ,most of the trader went long because they are tired of sideways movement of silver for last 2 trading days
So the price of silver rise for some time then fall back to the bottom price which is actually demand zone for last some weeks .
The important point to note here is one should wait for the breakout confirmation in Flag chart Formation,
Most of the time flag Formation Breakouts confirm at least once then again' real Breakout occure...
What I consider important here-
1- First mark trend line both the side of the price range which is lower lows and higher highs
2- Wait for the price to break it either side of the trend line then wait for Retracement.
3-The price will most probably come down to the demand zone then make your long position there with very small stop loss
As you are entering at the bottom of the lower trend line.
So your risk reward is very good here and you have very less ti lose here and reward is very high.
4- Then you will see amazing movement of the price with big candles formation and stay In the trade till the flat formation pattern rise .
5- The possibility of this type of trade is very high if you make right Entry.
