silver upcoming trend based on the cup and handle pattern
Midterm forecast: . While the price is above the support 16.50, resumption of uptrend is expected. . We make sure when the resistance at 18.95 breaks. . If the support at 16.50 is broken, the short-term forecast -resumption of uptrend- will be invalid. . We will close our open trades, if the Midterm level 16.50 is broken. Technical analysis: . While the RSI...
Long only if crosses trendline resistance. Views are for educaitonal purpose only
Silver has decisively broken above the bullish flag pattern levels as highlighted on the chart and is now approaching major hurdle at $18.9. A break of this resistance, could push silver higher to its next resistance placed at $21. To be keenly watched!
XAGUSD has witnessed a breakout from the Inverted Head and Shoulder pattern, Buy Opportunity
New trading suggestion: * The price is in a range bound and we forecast the uptrend would resume. * There is still a possibility of temporary retracement to suggested support line (16.50). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the...
Silver has formed symmetrical triangle pattern, If it break upside with strong volume then it has tendency to break the long term resistance zone, strong up move is expected.
XAGUSD likely to take breakout from the Inverted Cup and Handle
New trading suggestion: * The price is in a range bound and we forecast the uptrend would resume. * There is still a possibility of temporary retracement to suggested support line (15.85). if so, traders can set orders based on Price Action and expect to reach short-term targets. * If you missed our first HUNT, you have a second chance to buy above the...
SILVER XAUGUD INTRA DAY TRADE SET UP
Silver price action gives a bearish idea , it may go down to touch 15.8.. from there it may start the new month price action..
long
silver started its aggressive mode after several years . i hope it will continue its uptrend .
Silver has given a clean breakout from symmetrical triangle pattern on 15 mins time frame. Initiate long. Target: 15.840 Stoploss: 15.440
Currently silver is trading on 5th wave of elliot impulsive,in which it is in 2md subwave which is a correction wave. Buy at 0.5 or 0.618 ratio of subWave 1 will be more beneficial.
Sell silver july future around 41950 for target 41800, 41700 ++