XAGUSD sell on H1Plan : wait for price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Xagusdshort
$XAGUSD $SLV #Silver repeating 2016Silver is a strange one, the chart looks like a volatility chart, ie sudden spikes up, which then slowly fade (unlike stocks which do the reverse).
The last cycle from Jun 16 to Jun 18 was a classic bearish descending triangle. Price action from summer 2019 looks remarkably similar to May 2016 onwards, we are now at Nov 2016, which means this is just the place to short for a 6.7:1 trade.
SELL 18.00 (MARKET), SL 18.50, TP 14.65, RR 6.7
XAGUSD sell on H3Plan : wait for prices to bounce off horizontal / trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
ANALYSIS ON SILVERUSDANALYSIS ON SILVERUSD
Welcome to my analysis
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4HR CHart
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Interesting Point of interest In the SILVER/USD pair.
- Price above 200 day EMA.
- look for buy signals TO GREEN ZONE.
- Watch top for sell.
- Watch line for break out to the downside.
- MACD showing bearish divergence
Long term i am expecting move to the upside. Will update soon
Stay Tuned
XAGUSD (LONG *UPDATE*) ENTRY SIGNAL: THANKSGIVING DAY-P *ACTIVE*Please defer to the related link publication below posted on Thanksgiving Day 11/24; here we are now (rather than update a publication over a month ago, I figured I'd update it with a new chart) & if I'm being completely honest; I'm only re-publishing this for gloating purposes cause WE HIT THE JACKPOT ON THIS CALL BABY.
I'll repost link for those of you who are too lazy to click on it.
Damn I knew I was good...I knew I had magic...but DING 60 (WoW reference) my crypt0w1z has capped at max lvl (ironically during a commodity pub) & now it's time to start collecting swathes of loot as this baby (blue) whale feasts on tons of krill each passing day until around Q2-Q3 2020 where I'll have the largest mammal to have ever existed in the history of mankind with veins so big that a 7" tall 220lb adult male could swim through them -- #Facts (incase you didn't know, the largest animal to have ever existed in the billions of years since Earth's crust formation, wasn't during the prehistoric or paleolithic era...but still exists today!)
The Blue Whale is not just the largest mammal on this Earth, it's the largest living sentient being to have ever existed in our current (known) universe.
This wiz has no intention of being a blue whale...i'm a goddamn wizard. My intent is summon an army of blue whales on that OGBUFFET status. Notice I said INTENT not GOAL or ASPIRATION.
Nike.
DISCLAIMER
NOT FINANCIAL ADVISE
ridethepig | XAG Market Commentary 2019.12.17Here we can see price risks are still skewed to the topside, with CB's buying Gold at a rate unseen since the Nixon era meaning Silver will continue to move as collateral. Prices have trended in the same direction over the past 4 waves, the market appears to be underpricing the odds of future demand risks as well as a meaningful pick-up in risk due to completions and geopolitics.
The long term XAUXAG chart still looks to have formed a meaningful top so I expect to see Silver outperform Gold in 2020.
Here I stick to the $17 - $18 range and expect the metal to hit main targets within a 3m basis. Thanks all for keeping the support coming with likes, comments, questions, charts and etc. As usual jump into the comments with your ideas and views to open the discussion for all!
Bearish Trend on Silver in Short-termThe Silver price is currently trading below the 21-day and 50-day SMAs. The Stochastic Oscillator period 14 is bellow 20 levels on the daily chart with the signal lines pointing down to indicate a sell signal. Also the bullish trend line has been broken and that in and of itself is not a good sign for the bulls.
The next week or two should be crucial and tell us where we are going longer-term.
Technically, Silver has been hovering around 16.90 since mid-November, but broke below this line on Friday, with sharp losses. Now the XAG/USD pair is expected to find support at 16.50, and a fall through could take it to the next support level of 16.20 (31st July low). We opened Short positions below 16.70 with first target at 16.20 & second TP at 16.00 in extension. Our SL is at 17.20.
The pair is expected to find its first resistance at $17.00. It’s very likely that this level will continue to cause resistance based upon the large, round, psychologically significant figure, and of course the inability to close above it for the last three weeks. As well, the 21-week SMA is showing resistance at 17.30 combined with middle line of Bollinger Bands on weekly chart.
XAGUSD: Drop Towrads $15.00?Hi Traders,
Price has just confirmed completion of the WXY zigazag with a bear impulsive move. This is just confirmation that we'll push towards $15.00, we don't yet have an entry to go short. A safe way to take short entries is to allow price to correct below the structure. Trade well and always apply risk management to protect you capital.
Regards,
Wave Theorist