SILVERM1! trade ideas
Silver to give another bullish rally soon!!!!About to break its trend in flag pattern....seeing above 70000 levels well bullish!!!!
on watch list for entry triangle formation
eyes on break above 67600
can open space for new buy side
on radar
disclaimer - trade @ own risk
silver micro cup and handle formation present chart silver micro forming cup and handle pattern ....and breakout already given .....can give good move above 68100 for targets 68250,68500 ,69000
Silver Mini SELLIntraday:
Sell 65900-65950
SL 66280
Target 65550, 65300, 65000
Keep Strict SL & Target
Silver buy after breakout above TrendlineBuy silver after breakout above trendline forming lower highs, Price is currently at D1 Support
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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