XAGUSD trade ideas
How the hammer candle stick pattern is formed ??Educational Post
Hammer candle stick pattern is important pattern shows counter attack of bulls.
This pattern has significance when price is near crucial support or near long term moving average.
Hammer shows that bears are unable to beat the bulls and not able to make close in bulls territory.
Bulls also shows their presence when price enters in their territory.
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SIlverSilver 19.2$ Is The Key Level To Hold!!
Hold This Level Then Will See Some Upside!!
Lose This Level Drop Hard Below 17.5$!!
Double Top price action in silver 3hourly time frameIn Silver, we have seen double top pattern forming in 3 hourly timeframe.
The double top pattern is reversal price action where prices make almost two equal high from the previous support price levels.
Silver is in down trend in daily timeframe as we can see and rejection from resistance level is good level to short.
There is bearish divergence on top of double top and relative strength index is below 40 level ==> this indicates silver is in downward momentum.
charts shows exepected target based upon short.
Traders are requested to do their own analysis for trading purpose and these view is published for educationa purpose only.
Please do mention in comment box regarding any other view and something need to improve in my posts.
Silver Trading Plan - 23/Sep/2022Hello Traders,
Hope you all are doing good!!
I expect SILVER to go UP after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Silver can go long almost 9%.As per above Chart analysis possibility of ending wave 4 which was complex wave WXY, now it can continue it's uptrend in wave 5 which can extend till 0.786 fibo ratio.
SILVER VIEW silver is sell on rise as there is no change in the fundamentals yet so break above the given resistance line is not seen in near future so we continue to drop in the downward channel also it depends on the behaviour of dollar index and cpi data of usa so upcoming Data can be used as a trigger for change in the fundamentals and can help silver to get above the resistance and shine again Till the time we are experiencing low industrial demand.
Silver Elliott wave countsSilver possible wave counts are still suggesting not to go long at these levels, this may correct more, be cautious.
Possible Elliot wave counts on weekly time frame
macd in weekly is negative
Possible Elliot wave counts on daily time frame
macd in daily Negative
Possible Elliot wave counts on 4 hourly time frame
macd in 4 hourly is still below zero line
Possible Elliot wave counts on hourly time frame
macd in hourly negative crossover
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 at 2+Year Crucial Support zone Silver ETF holdings globally are at it's lowest levels since Mid-2020. Today the Silver stand at its crucial support zone of $18/oz . On Weekly charts although the fall can be considered as a Throwback. I believe this is a Flag Pattern formation after it's steep rise from 13th July'20 from $18.513 to $29.8 by December '20 which was 61% price rise in a mere half year .
After such surge the prices witnessed a correction within a channel and thus forming a flag for the 2 year movement and stands at the lower bound of the channel ever since again. Strong bounceback looks on charts within this channel can take prices upto$22.5 in first tranche and a BO from the channel can take price upto $27-29 in few months provided with support from rise in Manufacturing/Industrial Indexes and Production globally and a fall in Inflation.
silverThis chart of Silver shows the Longest BEARISH Trend that I have known for a while. It is self explainatory. In as much as the Strategy says SHORT...... this position was created many months ago. I am merely showing you all the way Forward from current prices
SILVER CRITICAL UPDATE As updated in the charts we still expect a little upside movement in silver for completing its 4th leg before moving towards its final showdown or the last leg (wave 5).
It’s not the right time to trade anyways in silver . We still wait for a perfect entry .
Thank you so much .
SilverSilver CMP 20$
This is a weekly chart of silver...
Looking at the chart,
we can see that Silver have completed its one wave cycle at 18.15$
and possible WAVE 3 started ....
as long as 18.15$ holds,
Silver would be buy on dips from here for where I would be looking for 30$ as my 1st tgts
Just a View!!
Vedang
The bull is back in Silver...or Not? On monthly chart silver rejected from the support and looking good if hold the recent low .
Silver 50 year Chart HistoryFUNDAMENTALS
1) Strong demand from industrial use of electrification of economies.
2) Funds being diverted from stocks to Gold/Silver
3) gold/ Silver ratio near a peak.
4) 40% down from highs and at support of 12 years of consolidation.
Silver TVC CFDLong seems to be bullish now for target of $19.5. After a big correction it seems to be have some bounce back.
SILVERSilver had broken support trendline and closed yesterday below 20 day moving average, which is clear sign of bearishness ahead. After bounce from lower end of falling channel it got rejection at upper end of falling channel, also RK's Momentum turned in sell mode, all other trend indicators like macd, rsi etc. are also suggesting same bias, According to wave structure we are possibly in wave Z of Z, which can lead to retest levels of $ 20.462 and if sustain below this then $ 19.80, On upper side RK's stop line may work as a major hurdle which is pegged at $ 22.550 to watch out for.
Over all wave structure could be like this one
Price had broken Support Trendline along with 20DMA level on closing basis
Price getting Declined by RK's Cloud and stop line on daily chart
RK's Momentum turned Negative on daily chart
Macd in weekly already in Negative mode
Macd in daily down tick converging to Negative mode
RSI in daily down tick and near 40
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.
