bullish ideaThe metal may test the above resistance structures, if bearish pressures completely subsides!
XAGUSD trade ideas
Continued growth Silver. H4 25.09.2024Continued growth Silver
Silver is still prioritised for growth to 33, but may pullback before that. The nearest strong zone for buying is 30.60-31.17 where 1/2 margin falls and I recommend to look for overhigh 32.50 with a potential target near option resistance 33. Strong volume accumulation also falls into the zone and strengthens it.
Silver Poised for Breakout:Why $38 Could Be a Realistic Target?When it comes to medium-term speculation, Silver ( OANDA:XAGUSD ) can sometimes be more profitable than Gold, especially when your timing is right. I believe this could be one of those times.
Since the beginning of August, when Silver found strong support and reversed with a bullish engulfing pattern, the price has been rising in a constructive manner. We've seen higher lows on the chart, with each broken resistance level being confirmed as new support.
Currently, Silver is approaching a key resistance level and appears to be pushing for an upward breakout. Additionally, the price structure over the past few months has formed an inverted head and shoulders pattern, further signaling strong bullish momentum in the medium term.
With the Non-Farm Payroll report just a few hours away and considering the strong buying pressure on precious metals, I expect this level to break.
Based on the measured target from the pattern, a move toward $38 per ounce is realistic, which could mean a potential profit of 6,000 pips for those willing to hold this trade with patience.
In conclusion, I plan to buy Silver with a year-end target, using $31 as the invalidation point, offering a solid risk-reward ratio of 1:6.
XAGUSDPair : XAGUSD ( Silver / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame
S / R Level
SILVER: Strong Bearish Bias! Sell!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 31.75471$
Wish you good luck in trading to you all!
Big move is about to FINALLY happen!We have been waiting for this for a long time...but patience is about to pay off imo...the big move is finally about to happen!
SILVER 5good job..
Move our stop below wave 2
or risk free your position
And close half of our position
SILVER 4dear friends
Today, US inflation data came out higher than expected, reducing traders' expectations for an interest rate cut by the Federal Reserve.
we are in a complex correction in silver we have clear levels for trade .
its may be take times to see a strong bullish wave but it will happening soon in my opinion.
Follow your capital management and stick to your trading system.
SILVER 3complex correction WXY formed.
every things is clear .can make a trade with or without confirmation.
SILVER 2Regarding to last post about silver 1 impulse wave has been completed with perfect structure
now we can make long position in price correction , with or without confirmation its depend on your money management system.
every thing is clear in chart . levels for entry - stop loss level - target .
SILVERdear friends
first impulse waves is completed with perfect structure this movement is belong to higher time frim but we analysis it at 1-2h time frim i ll tell you why in my next post. we don't know where is end of wave 5 but we can guess. according to Elliot waves rules level 2 or 2.618 . move your stop below wave 4 for minimize your losses or take you profit around these area .
SILVER Elwavesas you can see we have correction in silver main correction is for higher time firm but in h1 we can see correction structure very clean . for now we have a perfect impulse wave in h1 we can join to long trade after first correction .
Amir.Elwaves
SILVER: Expecting Bearish Movement! Here is Why:
Balance of buyers and sellers on the SILVER pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Silver forecast ... 10.04.2021Silver (XAG/USD) is looking for direction near recent highs. precious metals supported by geopolitical concerns. Resistance at $32.30 is closing the path towards the $32.65 high. Supports at $31.40 and $30.95.
XAGUSD - Time for breakout or Crash.In this meaning full time of Geopolitics that impacting world market,silver is steady on the basis of China's pbocs huge stimulus package n bullions uninterrupted buying surge by all central banks(gold) while industrial metals never been that far to reach at top.
So,here is the deal.
New quarter opened,gold n silver r pointing north but exhausted n hitting last wall of resistance here.but here's the point, technical correction required to carry that buying spree,so if evening data's supports here,we might seen another big rally towards north in both precious metals, silver buy will make a new high or else,we will see a bloodbath...
So best wishes n good luck traders.
Silver update Silver is trying to push but not harder I hope you are making good profits with patience,those who took advantage of it can secure some n lock some n hold.
SILVER - Short Term Bullish move underwaySilver has broken out from descending parallel channel. We have Awesome Oscillator making bullish divergence and histogram bar moving into positive territory. Based on these confluences, we should predict short term bull run.
SILVER: Local Correction Ahead! Buy!
Welcome to our daily SILVER prediction!
We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the upside. So we are locally bullish biased and the target for the long trade is 31.76963$
Wish you good luck in trading to you all!
Trade idea - XAGUSD Long4H
Corrective approach towards entry zone.
= Buy limit.
1.5% risk.
1H
Corrective approach more clear from 1H perspective.
Silver Analysis for 3rd October This is a place where you can identify the possible movement in mentioned session. Entry activated only when a candle closes above or below the drawn level, And the next candle creates a wick down(for up movement) or up(for down movement) and breaks the candle high or low.
When entry is activated SL will be below or above the 30 minute candle.
Short SilverThis is a pure technical play.
This is based on the railroad track pattern where one candle goes up aggressively followed by another candle closing down aggresively.
Target is the start of this aggresive up move.
BOS - Break of StructureBOS means Break of Structure . It happens when the price of an asset (like a stock or currency) breaks past a key support or resistance level, indicating a potential change in the market direction.
Key points:
Uptrend BOS: If the price breaks above a recent high, it could mean the start of an upward trend.
Downtrend BOS: If the price breaks below a recent low, it may signal the beginning of a downward trend.
Traders use BOS to spot potential trend changes and decide when to buy or sell.
