XAG long opportunity / Inverse H&S patternOANDA:XAGUSD gives us a good long opportunity based on inverse head and shoulders pattern signification for bottom in mid term. Weekly MACD also turning bullish. Wee saw the strong price action last week also at OANDA:XAUUSD . It's a good opportunity take some long at 14.450 - 14.500 when we find support at 0.618 fibo retracement of last wave up.
Xagusdlong
XAGUSD Weekly Forex Forecast 7th October to 13th OctoberMidterm forecast:
While the price is above the support 13.60, beginning of uptrend is expected.
We make sure when the resistance at 15.60 breaks.
If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI resistance #1 at 44 is broken, so the probability of beginning of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
XAGUSD Weekly Forex Forecast 30 September to 6th OctoberMidterm forecast:
While the price is above the support 13.60, beginning of uptrend is expected.
We make sure when the resistance at 15.60 breaks.
If the support at 13.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI resistance #1 at 44 is broken, so the probability of beginning of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
Silver set to test $17Seems like a very good opportunity with excellent risk/reward to take long Silver right here. Target up to downtrend resistance of $17-17.25 range so good for about $3/oz upside. Should silver break decisively over $18 then there could be much more to the long side but one step at a time...
Potential long for Silver (XAGUSD)In this chart you can see that the price of silver is approaching a two year low and that it is currently sitting on a previous demand zone. As you can see in Dec-Jan 16' the price bounced off this support line and shot up to prices of 20-21 on a parabolic jump. Could this happen again? All we can do is speculate and see what happens.
Although this is simply an idea for a potential trade, if executed correctly, this could be a high profit trade.
Not intended as investment advice, I am posting this as an idea and as a reflection for my future self to look back on. Good luck!
XAGUSD approaching resistance, potential drop! XAGUSD is approaching our first resistance at 14.39 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 13.67 (horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Stochastic (21,5,3) is also approaching resistance and a reaction below this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Silver ( XAGUSD) Silver price is not still sure to make LONG but we can buy with smart strategy.
First, buy from current price level and make another BUY when silver price still falling.We can use Martingale strategy for two entries.
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Very simple.We just need to make money management according to our investment capital.
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Good luck guys.
Thanks.
Part 8 - Risk-off August - XAG/USD DailyXAG/USD – Daily Resistance & Support:
Resistance: 15.70 / 16.00 / 16.75 / 17.75 / 19.00 / 20.00 / 21.00 / 22.00
Support: 15.00 / 14.75 / 14.35
XAG/USD – Summary:
Expected to commence a Bullish Corrective Structure in a three-swings sequence at or around the 15.00 Levels and possibly retest the 16.00 – 16.75 vibration zone.
Bearish Impulse expected around the 16.00 – 16.75 vibration zone.
If all scenarios would turn out to unfold as expected and Silver would retest the 14.35 levels, then that specific area could be seen by bulls as an opportunity for longs, which could even reach the 21.00 levels in an Impulse.
$XAG silver is about to breakout. 25$ is imminent. The chart pattern is called symmetrical triangle which could break to both sides, but fundamentally everything is pointing to a huge correction, potentially even financial crisis. If that were to happen, Gold and Silver are going to rise significantly acting as a value-shelter. Keep an eye on it.
*This is NOT investment advice, trade with your own responsibility.
XAG BUY SETUPBased on year high and low, Ive worked out using GANN Square that XAG is rotating a full 270 deg from 17.220. To complete a 360 deg the price would have to fall to 15.947.
I believe Silver is used to Cap the Gold market and as such there is lots of volatility. Here are three trades. Im interested to hear more from traders about XAG and GANN !
I have been a physical trader of Silver for 17yrs, I have only been trading prices for 18 months, my opinions are my own and I am here to learn as much as I can. Gl everyone.
Buy 16.229
target 16.842
SL 16.135
Buy 16.088
Target 16.654
SL 15.993
Buy 15.946
Target 16.512
SL 15.852
Silver, don't miss the buyHi guy's,
Silver is moving the way we expected for a long period of time which means we seem to be on the right page when interpreting this instrument. The buy is about to kick in and that is one of the best, safest and easiest trades you will find.
Check my weekly outlook for context and explanation. -> YouTube: Tim Stuyts
UPDATE: Silver has higher to go to complete pattern. Target $22Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
UPDATE: Pay close attention to Silver!Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
UPDATE: Silver to break higher towards $27 target in Q1 19'Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!