My idea to trade silver as sell on rallies As the fundamental on Silver is not improving economic activities are slow . A very important to be taken note of Silver is a industrial utility the demand and supply need to focus on and this has a major impact on the fundamentals of silver . Till the time we are seeing EUR going down and rates keep on increasing this...
silver looking good. good area around 54500.
posted late. if price retrace to 54500 good to buy.
bullish formation. sl and traget according to risk appetite
only for information and education purpose. please consult your adviser before investing.
#trading #long #silver #india #chart #chartpattern #priceaction #technical analysis
#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...
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.
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An effective candlestick pattern can be witnessed in Silver on a weekly time frame - The 3 bar play. A momentum buildup is in progress and the trend is expected to reverse. Silver has also given a breakout of it’s resistance of 58986 with good levels of volume.
We expect a rally up to the levels of 61294-62660 in coming weeks.
The above analysis is just for...
Silver : silver run in a pattern. From start of 2015 to mid 2020 was in the range 35000 to 49000 approx, after this range breakout silver entered in another range from sep'20 .. range of this new pattern is 55000 to 75500. Currently silver is trading around 59200, so it seems good time to invest in silver ..as range suggest in short term we can se 75000-76000...
ABCD pattern of harmonics is active price between 57000-58000 can be a good opportunity for a pullback trade. SL is reasonably small and RR os 1:3 With potential targets of 61000. Lets see!! Silver to the MOOOOOOOONNNN!!!!!!
Silver long (09 Aug)
RSI- 59
Buy at CMP- 58900 or at 58770
SL- 58500
Target- 59388, 59785
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Charts and views are only for educational purpose.
Just placed my idea in Position drawing.
Red Zone: Resistance or Breakout Zone
Grey Zone: Repeated Hurdles (Support/Resistance)
Green Zone: Support or Breakdown Zone
Note: BUY above Red Zone
BUY at Green Zone.
SELL at Red Zone or Trail at Grey Zone
Just follow the Entry & Exit. Trail SL after 1:1 to Cost + Brokerage.
Also you can ask for my views on any chart.
Its a running short trade. Just sell it with a SAR (Stop and Reverse) in the buying line.
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",...
![SILVER1!: [Commodity] Silver Overview](https://s3.tradingview.com/c/CPM2wWx7_mid.png "[Commodity] Silver Overview")
