#XAGUSD Time for RetraceI think after a healthy rally we have now hit the EMA200 on the Weekly and are due for a retrace. If we blast through this resistance next stop is in the 20s.
Xagusdshort
(30m) Structure Breakout / Bullish Shark & Remote H&S (a vision)FX:XAGUSD
Obviously a little early for the H&S, but something pulls me to this trade setup, and we just need to wait. (no hurry)
In the meantime, the upward structure was broken, apparently to enter in a corrective movement for a coffee break for the bulls.
*I will be looking to the neck of this eventual structure, and if it is forged, i can place an pending order below it.
For this corrective structure, we can expect something like a basic ABC correction or AB=CD pattern between 50% and 61.8% retracement and a Bullish Shark that can complete between the 161% <> 224% extension.
Safe Trades;
XAGUSDWait for break, we will see some more sideways movement before a clear change in direction. Assuming gold analysis is correct silver will follow a similar path and will fall to Pre-Brexit levels
Silver 4hr Head & ShoulderI like a head and shoulder when it comes after a clear trending price...it clearly does here.An we have divergence on RSI..we also have a resistance area on daily...SHORT!
Xagusd Looking like Another Move Down Before Monthly Up MoveI am expecting a Drop on H4 Due to Following Reasons
Symetrical Triangle Breakout
Upward Rejection
High Volume
H4 Short Does not Gonna Affect Monthly Silver Gains
Consolidating at this area for a long time
Let us see how this trade goes
XAGUSD Short. RSI bearish divergence + PRZThere is a bearish divergence with the RSI and a rejection zone north of 16.20. XAGUSD is trading in a parallel channel. My outlook is bearish.
XagUsd - Downward MovementDownward movement is just started on daily basis. 14.775 will act as support if this point will break then sellers will get in the market in no time. Also COT report must be tracked this weekend.
XAGUSD forecast silver ? well so expensive right nw . If Im a rich man i would not buy it now .. so just short sell it until hit 14.55. then buy it with cheaper price . Finally sell it around 16.5..
SILVER SHORTXAGUSD is expected to sink now.
There are many reason why we feel it may sink.
01. It has not sustained quarterly buy level.
02. Pinball in daily Chart.
03. To sink and come near quarterly sell level of 14.12
04. Stoch RSI (3,3,14,Close) clearly states it may sink.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from Short below 15.56 SL@: 16.77 Tgt 01: 15.44 Tgt 02: 14.52 Tgt 03: 14.12. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Don't buy her that silver bracelet! Time to get short! Let's make a case for getting short here with Silver/Dollar on based on the techicals.
Like most 60 minute traders, I use a 4 hour high time frame for the support/resistance lines to be drawn.
We see a Gartley pattern completion nearing the 14.00 even handle which has acted as previous structure in the past. There's also a 1 to 1 measured move completing in this same area. What more could you ask for? Keep your eyeballs on your preferred Oscillator, because my RSI looks to be heading oversold by the time that price action reaches that same area.
As it stands right now, we have a decent combined technical score.
AB=CD pattern - 2 points
Gartley pattern completion - 3 points
Major structure - 2 points
Ratio confirmation - 1 point (we have the .382 retrace lining up in the killzone of the larger leg.
This is a combined technical score of 8. Not too shabby.
BEARISH GARTLEY PATTERN at 14.00
Stops are at 14.090 (the 1.13 Fib inversion of out X to A leg)
Target 1 13.913 (the .382 fib of the A to D leg)
Target 2 13.855 (the .618 fib of the A to D leg)
XagUsd - Short - Long Ride by Eray ErgünI wanted to write a description like others but im not good at letters and sentences :) I'm good at numbers only. Chart explains better than me.
