silver straddlelooking good setup in formation would Enter the setup with having a discussion with your financial advisor
XAGINR trade ideas
Silver is at supportSilver is at support region. any reversal can be good for some upmove until the range breakout happens.
Buy Silver when spot price in INR is above 35,800Up move from the 18th March low had a consolidation with a flag formation in the last few days… which has already broken on the upside in the last two days. Safe trade would be to enter when price is above the flag-high (35,800) with comfortable target to the next crucial level of 39,800.
Therefore, one can buy Silver when spot is above 35,800 with a stop below 34,800 and target of 39,800. That comes out to be Risk/Reward of 1/4
SilverBuy at blue line or on breakout above 37888 levels with stoploss 5 points below redline.
All the best!
Educational 11: Elliott Waves + Butterfly Pattern Confluence In the above chart, I have showcased a confluence or relationship between Elliott Waves and Harmonic Patterns. Where I have mentioned and pointed out time where they confluence and provide us a successful trading opportunities. Such confluence is simple to understand and provide a great reward over risk by initiating in them.
I have attested below edcuational chart of Butterfly Pattern and also a confluence between Elliott Waves and Head n Shoulder pattern for further reference.
I would appreciate your comments, charts and opinion on the same.
Regards,
Neetesh Jain
