XAGUSD: Weekly uptrend and quarterly analysis
Actualizado
The weekly chart is largely bullish, and we also count with the quarterly 'Time at mode' signal that implies that price can reach 32.316 by July 31st 2017 or sooner, after the downtrend that started on April 2013 expired.
I am long, and placed a tight stop as signaled on chart. If we get this right, it's a massive home run trade, so don't miss it. If you're not in yet, it's not too late to join. Risk 0.5-1%.
The idea is that Silver held the uptrend speed line in the weekly, and we had massive buying volume when doing so, and a weekly oversold buy signal, courtesy of the RgMov trend analysis indicator.
Now, with a 10 week level on close, the market is ready to launch higher from here after next week action confirms it. The fundamental backdrop further confirms this idea, but we'll have to wait and see. Like any trade this can fail, but if it works, the reward is well worth the risk.
Good luck,
Ivan Labrie.
I am long, and placed a tight stop as signaled on chart. If we get this right, it's a massive home run trade, so don't miss it. If you're not in yet, it's not too late to join. Risk 0.5-1%.
The idea is that Silver held the uptrend speed line in the weekly, and we had massive buying volume when doing so, and a weekly oversold buy signal, courtesy of the RgMov trend analysis indicator.
Now, with a 10 week level on close, the market is ready to launch higher from here after next week action confirms it. The fundamental backdrop further confirms this idea, but we'll have to wait and see. Like any trade this can fail, but if it works, the reward is well worth the risk.
Good luck,
Ivan Labrie.
Nota
Talk about a timely post...I hope you guys are in! (ideally from my previous posts warning about this move)Nota
(I closed half of my positions at 19.627)Nota
(Bought back my half position at 19.3, stop at 19.087)Nota
If we get oversold in the daily here, we can buy a new high. Stop at the lowest low, until then, nothing to do.Operación cerrada manualmente
We flipped short last night. The bulls are losing control, we might see a sharp decline in silver and gold. Short miners (NEM is a good candidate, stops for all silver, gold, miners shorts: Friday 30th daily high)
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