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XAGUSD trade ideas

SILVER: First green dayHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week ✅ Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day ✅ 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside ✅ Backside 4. THESIS: Long: This is currently my primary view, Monday placed the opening range of the week, dumping down into the previous LOW, closing as well out of balance. Tuesday consolidated below the LOW, until it started breaking higher at the end of the day, placing a peak formation low in Asia session of Wed, which printed as well a higher high into the Tue high of day. Potentially this market is staring now the frontside move, and in this specific moment, the low of Asia, or closing price are the level I will be looking for a buy low, if a setup is presented after 8:30am CPI news release. Short: I'm not really interested at the moment in shorting this market, however, the current high of Asia can be a level of reaction for a short scalp Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
PEPPERSTONE:XAGUSD
by GianniPichichero
6
SILVER (XAGUSD): Important Resistance Ahead! Your PlanSILVER is currently testing a significant area where a daily horizontal resistance meets a descending trend line. Depending on how the price reacts to this zone, there are two possible scenarios. In a bearish scenario, traders should look for a 4-hour candle to close below the resistance level on a 4-hour timeframe before selling the market. If an engulfing candle forms and closes below 30.65, a bearish trend towards the 30.00 psychological level is anticipated. On the other hand, in a bullish scenario, watch an inverted head and shoulders pattern on a 1H time frame. 30.92 is its neckline.a breakout above the highlighted blue area and an hourly candle closing above it would signal a strong bullish move with potential for further upward movement. Important fundamental news expected today could act as a catalyst for a breakout in either direction.
TVC:SILVER
by linofx1
3
Potential bullish rise?The Silver (XAG/USD) has reacted off the pivot and could rise to the 50% Fibonacci resistance. Pivot: 30.01 1st Support: 28.82 1st Resistance: 32.14 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: 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. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAGUSDLong
by ICmarkets
1
XAGUSD BULLISH 1000PIPStop Loss at the Recent Low: Setting a stop loss at the most recent swing low is a common risk management strategy to minimize potential downside. It ensures that if the price action breaks this level, the trade will be closed automatically, potentially indicating a bearish reversal or continuation pattern. Target of 1000 Pips: A 1000-pip target on XAG/USD is a relatively large profit margin, so it aligns well with a trend-following or swing-trading strategy. Given silver’s volatility, reaching this level may require holding the position over a longer timeframe, especially if it's a bullish move from a low point.
OANDA:XAGUSDLong
by LORDOFTHETRADERS
4
Bullish on XAGUSD: X1X2 Strategy for Silver GainsAs a trader focused on XAGUSD, I'm excited about my bullish bias and the potential for significant gains in the silver market. My strategy employs the X1X2 methodology, which is grounded in probabilities, allowing me to identify optimal entry points for long positions. With silver currently showing strong momentum, especially as it approaches key resistance levels, I anticipate a breakout that could drive prices higher. The Elliott Wave analysis supports this outlook, indicating that we are in a bullish phase with potential for further upside as long as we maintain support above recent lows. By leveraging my swing trading system and the X1X2 probabilities, I am positioned to capitalize on this bullish trend effectively. Join me as we navigate this exciting opportunity in the silver market! 3D: 4H: P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
OANDA:XAGUSDLong
by Jasminex1x2
4
Silver a long term gem! Silver may rise to new heights in the coming years due to its dual role as both an industrial metal and a safe-haven asset, with increasing demand fueled by its critical use in renewable energy technologies like solar panels and electric vehicles, potential supply constraints, and heightened investor interest amid economic uncertainty and inflationary pressures; additionally, the giant cup and handle pattern shaping up on long-term charts suggests a significant technical breakout could propel prices to record levels if resistance at historical highs is surpassed.
TVC:SILVERLong
by ndp360
2
SILVER Will Explode! BUY! My dear subscribers, SILVER looks like it will make a good move, and here are the details: The market is trading on 30.255 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 30.505 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
OANDA:XAGUSDLong
by AnabelSignals
2
Silver could have found its bottomSilver has also experienced a sharp decline, falling nearly 5,000 pips from its recent multi-year high around $35. However, unlike OANDA:XAUUSD , we saw a reversal pattern in OANDA:XAGUSD yesterday with a Pin Bar that aligns well with technical support just above the psychological level of $30. As I’ve mentioned before, Silver often serves as a leading indicator for Gold, especially at market turning points. For example, even when gold recently reached its all-time high, Silver failed to reach a new high and instead formed a lower high, signaling the potential for a decline. Looking specifically at XAG/USD's technical indicators, the price held firmly at horizontal support and reversed yesterday, forming a strong Pin Bar on the daily chart. I remain bullish on Silver as long as yesterday’s low remains intact, and I’ll be looking to buy on dips.
OANDA:XAGUSDLong
by Mihai_Iacob
Silver - Livermore accumulation cylinder patternThe Livermore accumulation cylinder pattern is a complex trading pattern that has ten peaks. Peaks 8, 9, and 10 are particularly important because they signal the advanced stages of the pattern, where price movements often become more volatile and approach the final phase. Here are some general guidelines on how to identify these peaks: 1. 8th Peak (followed by a drop): The 8th peak usually marks a significant high before a sharp drop. After this drop, the market begins to recover, but the movement tends to be unstable. Look for a rapid price drop followed by a rebound to an short-term support level. 2. 9th Peak (attempt to recover): After the drop from the 8th peak, the 9th peak often represents the market’s last attempt to rally. This is typically a minor bounce where the price tries to return to previous levels, but usually falls short of the 8th peak. This indicates exhaustion and a decrease in buying interest. 3. 10th Peak (final wave and breakdown): The 10th peak usually signals the last strong push upward before the market begins a significant decline. This last peak may fall short of the 8th or even the 9th peak level, or, in rare cases, it may momentarily break above the 8th peak if there’s a slight surge in buying power. When the price starts to drop sharply from the 10th peak, it can indicate the end of the cycle and a larger trend reversal. Identifying Livermore’s pattern requires patience and close observation. Additional tools like volume analysis (to track changes in buying interest) and support levels around previous peaks and troughs can be helpful in confirming these peaks. -- "Livermore used to say: "Whatever happens in the stock market today has happened before and will happen again” Here are some key rules by Jesse Livermore: Markets are never wrong opinions often are. Back your judgment and don't trust your opinion, until the action of the market itself confirms your opinion Few people ever make money on tips, beware of inside information. If there was easy money lying around, no one would be forcing it into your pocket Money is made by sitting, not trading. It takes time to make money. Don't give me timing; give me time Buy right, sit tight. Big movements take time to develop. Men who can both be right and sit tight are uncommon Money cannot consistently be made by trading every day or every week during the year Nothing new ever occurs in the business of speculating or investing in securities and commodities Never average losses The human side of every person is the greatest enemy of the average investor or speculator. Wishful thinking must be banished Jesse Livermore argued that before opening any position, the market must first confirm and support any thesis. The market has to confirm the trade before the full size of the trade is executed. He used to say that ‘Markets are never wrong – opinions often are’. That means we must not trust our own opinions until the price action confirms these opinions. Here are some more tips according to Mr. Livermore: Trade only if there are real opportunities in the market Use price patterns, as historically, the market tends to repeat Don’t overtrade, and don’t trade every day Use pivotal points to trade Follow the trend and run your profits (It takes time to make big money) Don't average down your losses." (Trading Center) “Jesse Livermore Trading Method” Trading Center, Trading Center, 09/11/2024, tradingcenter.org -- Note: I am sharing my thought process on these market moves and adjust my analysis as the market evolves. This is not meant to be followed by others, as I am prone to mistakes like anyone else. Instead, I welcome feedback that can help me question and refine my analysis.
TVC:SILVERLong
by kris_tarum
2
XAGUSD (Silver) Weekly - Potential High-Probability ReversalOn the weekly chart for XAGUSD (Silver), there are signs of a potential reversal setup contingent on this week’s candle close. Price recently tapped into a high-probability Fair Value Gap (FVG) that had previously broken structure, displacing price higher. A swing low was established above a key high, and this low has since been swept, indicating possible liquidity capture. Price is now interacting with the FVG while taking out this swing low, hinting at a possible reversal. If this week’s candle closes above the FVG and the recent low, we could anticipate a strong push to the upside in the coming weeks, with an initial target around 34.88981, aligning with the next area of buy-side liquidity. Always remember: DYOR (Do Your Own Research).
OANDA:XAGUSDLong
by INSIDER_INTEL