XAGUSD 8H TECHNICAL ANALYSIS โ๏ธ
OVERALL TREND
๐ DOWNTREND โ Price has been making lower highs since early April, and current action is approaching a critical SELL zone.
๐ดRESISTANCE ZONE
๐ฏENTRIES & TARGETS
๐ขSUPPORT LEVELS
โ๏ธSTRUCTURAL NOTES
๐OSCILLATOR SUMMARY
TRADE OUTLOOK ๐
๐งชSTRATEGY RECOMMENDATION
SELL-THE-RIP (Swing Short Setup):
โ Entry: 33.65 or 34.27
โ TP Levels: 32.45 / 31.45 / 30.71
โ SL: Above 34.60
CONSERVATIVE BULLISH SCALP:
โ Entry: 29.79 or 28.62
โ TP Levels: 30.71 / 31.45
โ SL: Below 28.51
โDiscipline | Consistency | PAY-tienceโขโ โ Let the levels do the talking ๐๐
OVERALL TREND
๐ DOWNTREND โ Price has been making lower highs since early April, and current action is approaching a critical SELL zone.
๐ดRESISTANCE ZONE
- ๐ด 34.5880 โ PIVOT HIGH | Resistance (Major)
- ๐ด 34.2779 โ SELL ORDER 2
- ๐ด 33.6503 โ SELL ORDER 1
๐ฏENTRIES & TARGETS
- ๐ฏ 32.4555 โ SELL ORDER & TP 1
- ๐ฏ 31.4515 โ SELL ORDER & TP 2 | Mid-Pivot
- ๐ฏ 30.7102 โ SELL ORDER & TP 3
- ๐ฏ 29.5696 โ EXIT SELL | TP 4
๐ขSUPPORT LEVELS
- ๐ข 29.7916 โ BUY ORDER 1
- ๐ข 28.6285 โ BUY ORDER 2
- ๐ก 28.5150 โ PIVOT LOW| Support (Major)
โ๏ธSTRUCTURAL NOTES
- Price is currently pushing up into a heavy resistance zone between 33.65 and 34.58.
- Latest green candle taps a major SELL ORDER level โ watch for a rejection pattern forming.
- Multiple pivot lows confirmed โ but uptrend momentum appears weak within overall downtrend.
- All short-term MAs (10โ50 EMA/SMA) are signaling SELL. Only long-term MAs (100โ200) still show bullish support.
๐OSCILLATOR SUMMARY
- MACD, Momentum, and Awesome Oscillator โ All bearish ๐ฅ
- RSI & Stoch RSI โ Neutral, hovering mid-range
- ADX at 11.00 โ Weak trend strength, suggesting range or minor pullback ahead
TRADE OUTLOOK ๐
- ๐ Watch for rejection from current level (33.65โ34.27) โ could trigger drop to TP1 or TP2
- ๐ Break and close above 34.58 could invalidate the current sell zone bias
- ๐ Best opportunities arise if price rejects cleanly from resistance with volume confirmation
๐งชSTRATEGY RECOMMENDATION
SELL-THE-RIP (Swing Short Setup):
โ Entry: 33.65 or 34.27
โ TP Levels: 32.45 / 31.45 / 30.71
โ SL: Above 34.60
CONSERVATIVE BULLISH SCALP:
โ Entry: 29.79 or 28.62
โ TP Levels: 30.71 / 31.45
โ SL: Below 28.51
โDiscipline | Consistency | PAY-tienceโขโ โ Let the levels do the talking ๐๐
Professor C. E. Ward
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.
Professor C. E. Ward
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.