Evening Traders,
Today’s analysis – XAGUSD retest Local S/R witch a bullish reaction thus far,
Points to consider,
- Price Action Impulsive
- Demand Zone S/R
- Swing High Objective
- Oscillators Bullish Control
SILVER’s immediate price action is trading at key Demand Zone that is in confluence with the internal S/R, this allows for a bullish bias.
The Swing High is immediate objective; price action exceeding this level is likely to lead to trend continuation.
Both Oscillators are trading in their respected bullish control zones, indicative of strength in the market.
Overall, in my opinion, SILVER is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson
Today’s analysis – XAGUSD retest Local S/R witch a bullish reaction thus far,
Points to consider,
- Price Action Impulsive
- Demand Zone S/R
- Swing High Objective
- Oscillators Bullish Control
SILVER’s immediate price action is trading at key Demand Zone that is in confluence with the internal S/R, this allows for a bullish bias.
The Swing High is immediate objective; price action exceeding this level is likely to lead to trend continuation.
Both Oscillators are trading in their respected bullish control zones, indicative of strength in the market.
Overall, in my opinion, SILVER is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work
And remember,
‘’No one strategy is correct all the time’’.- John Paulson
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Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
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— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
blofin.com/invite/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.