Buy Silver for long term..
Analysis on 1H chart from 6 August 2016 to till date.
TVC:SILVER CMP - 17.018 Here, I have drawn the important lines. Now trade their support, break and retest. Have a specific strategy of position sizing and stop loss which suits your trading plan . Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2 days. Note : This is the...
Good to sell below $15.98, SL 16.06, Target 15.88, 15.78, 15.63.
OANDA:XAGUSD Buy Range - 17.40 to 17.80 Stoploss - 17.01 (weekly basis) Target 1 - 18.40 Target 2 - 18.90
based on given pattern silver is positional long with stop below 17
Silver is possibly undergoing a fast three-wave correction that has retraced 50% of the previous cycle advance $17.40-17.50 is potentially a strong support cluster and warrants a look for Long trades
Silver is range bound in a trianlge pattern. A dip to 18.65-18.80 levels will be great levels to buy Silver.
Silver seems to be making a triangle pattern after meeting our short term target of 20$.Recent high was 20.064$ this week itself. The wave counts look bullish as the fifth wave may start soon for the upside target of 22$ and above in short term.
Silver gave a good trade with +WW in Hourly chart at 18.65$ and the target for the same was done today morning itself. Now we see a clear impulse in hourly which may materialies to the next fractal level in Daily.
A positive wolfe wave formation in Silver provided the levle of 18.40 holds