XAGUSD_LMAX trade ideas
[Short] Descending Triangle Formation in Silver
There is formation of descending triangle at 4hr chart. Good oportunity to short if it breaks 16.6 level.
H & S breakout on silver dailySince last 16 months , silver price was trading in a H & S pattern. On 7 th July it broke neckline and went down towards 15.122 around and as usually happens price came back above neckline, forcing bears to cover their shorts. But price made its upward journey in rising wedge and it is about to breakout now. All this is about positional trading and not for intraday punter. I think price will again go below the neckline with very good steam.
rising wedge on silverthere is rising wedge on silver 4h chart. I cant draw it accurately here because chart is too much little to make drawings on it & I am not pro member. Last candle touched resistance line of rising wedge & returned back. ( see last red candle ). Breakout of this chart pattern is downward. Draw it on your chart and trade accordingly.
SILVER dailyBarring that brief move beyond the trendline the prices have not been able to sustain and have moved ina strong descending channel and now we care looking at a 15$ move in Silver Comex as well. AN interesting stage indeed. Lets see how it pans out.
SILVER ready for 16.90Silver - should be positive abv 16.35 for a tgt at 16.90. Keep SL at 16.10 on longs
silver prediction based on elliott wave Silver is a creaming buy on monthly charts , should target 22 levels. use lower time frame to spot entry levels.
Silver:- Time to look at silvercmp 16.57 ; Look at the trend line support. Simple WOW..!! Silver seems to be bouncing off an upward sloping trendline..This commodity can rally big time i feel heading to 17/18+..... View invited on the same.
Silver:- I see a Silver lining sooncmp 17.15; stop loss for the view 16.15( closing basis) Target 18.25/19
Silver- Moving out of Regression BandsShort Silver for targets 17.2 to 17.3 area. Stop 18.5. Aroon Indicator also confirms sell.
Silver - IH&S in the makingIH&S formation on price move above 18.40 in this move. If taken out, silver can give 10% return immediately.
silver - a relief rallyfor educational purpose only - buy silver here 40090 with sl 3850 for tgt of 41500
silver - oversold for educational purpose - silver is approaching 16.71 fib level .618 . where a buying opportunity may be seen
Silver- Break below trendline supportSilver moving into short term downtrend on break of trendline support. Stop 18.5.
Silver- Buy for 5th Wave move.Silver has moved up to commence the 5th wave target of 17.8 to 18 $ zone.
