Silver (XAGUSD) has been trading within a Channel Up pattern since the April 07 market bottom. Right now it is consolidating with the 1D MA50 (blue trend-line) acting as Support, following the recent 1-month pull-back.
We have seen the very same consolidation pattern after every Higher High, as also shown on the 1D RSI.
As long as it holds, this is a strong buy opportunity near the bottom of the Channel Up, targeting $40.50 based on the +11.90% rise that the previous Bullish Leg did.
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We have seen the very same consolidation pattern after every Higher High, as also shown on the 1D RSI.
As long as it holds, this is a strong buy opportunity near the bottom of the Channel Up, targeting $40.50 based on the +11.90% rise that the previous Bullish Leg did.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。