Evening Star canddle Bearish SignHello,
Evening Star patterns appear at the top of the uptrend and signal that the uptrend is going to reverse to a downtrend
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
SILVERCFD trade ideas
SILVER Bullish Bias! Buy!
Hello,Traders!
SILVER is trading in a local
Uptrend and the price is
Consolidating above the
The horizontal support
Level of 29.89$ so we are
Locally bullish biased
And we will be expecting
A further bullish move up
Buy!
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Potential Sell-off in Silver.Silver is at the upper end of a potential daily bear flag.
It has been attempting to retest a horizontal structure. We can also see from the red trend line it is currently in a downwards trend.
So long as we don't close above yesterday's high. The path of least resistance is lower.
Silver trend line breaks and it will be bearish (read caption)Hello dear traders and trading view usera I have prepared setup for silver and I want your reviews about it in comment section.
My setup is what is written below read and then share your thoughts about it.
This is a 1-hour price chart for XAG/USD Silver
Trend Line Break : A red ascending trendline is drawn, and the yellow highlight indicates a breakout above this trendline.
Target After Breakout : Following the breakout, the price target is suggested below at approximately $30.00, indicating a potential retracement or price movement downward.
This chart I have made suggests that a breakout has occurred, which you might interpret as a signal for a change in trend.
Kindly support me.
SILVER (XAGUSD): Consolidation is Over! Silver experienced a sudden increase earlier this week, breaking through a resistance line within a horizontal consolidation range on a 4-hour chart.
This could indicate the possibility of continued growth, with the next resistance level to watch being at 31.00.
XAG USD LONG RESULTSilver Price has been in a downtrend for days previously and noticed a Swing pattern few days ago forming a double Bottom pattern. Which I decided to go long after successful breakout of Trendline to this Major Resistance level.
Silver is still in an Uptrend, it's just in a minor consolidation before Bulls Continue.
Silver H4 | Approaching overlap resistanceSilver (XAG/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 30.67 which is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 31.10 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 29.79 which is an overlap support.
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Bearish drop?XAG/USD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 30.16
Why we like it:
There is a pullback resistance level.
Stop loss: 30.68
Why we like it:
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 29.53
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
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SILVER POTENTIAL BOUNCE PLAY BUY OPPORTUNITYHey everyone hope you are having an amazing day! I just wanted to come make another post here on this Thanksgiving week here in the States and give some insight to what I see for the commodity Silver! Hope this brings some value and you guys can pull some nuggets from this! Cheers
OK so here is a breakdown based on each timeframe for what I am seeing!!
1W (Weekly) Timeframe:
**price is overall bullish
**price is coming back to a previous area of demand (buyers)
**weekly fib retracement confluence with level
1D (Daily) Timeframe:
**price is coming to previous demand around $29 per ounce
**will be at a extreme discount zone (relevant to current market trend)
**may be in oversold conditions on the RSI tool
4H (Hourly) Timeframe:
**waiting to watch how price momentum from sellers is coming into zone
**waiting for lower timeframe confluence
Hope you guys enjoy this post please boost and follow the page for more analysis and potential setups! Cheers!