XAGUSD: Updated 'Time at Mode' Analysis

31 באוק׳ 2016

Silver has traced a bullish uptrend signal here, we're already long as per previous publications, and also long miners. We look for a rally to emerge from here and reach our target zone close to 19-20 in the coming weeks. If not long you may jump in now, risking a drop under 17.52 or 17.345. You can also add to longs as long as reaching a total risk of 1%-2% between all positions.

Good luck!

Ivan Labrie.

1 בנוב׳ 2016

הערה

Good progress, let's see if silver can break the resistance above.

1 בנוב׳ 2016

הערה

We will trail stops up gradually, move all silver stops to 17.521.

1 בנוב׳ 2016

הערה

Time at mode target in the daily was hit, we could see a retracement here, unless the rally really has legs. You can either trail stops up to entry, and close half/75%, or only move the stop up and wait for more upside.

2 בנוב׳ 2016

הערה

If we get a dip you can add more longs with a tight stop. Keep an eye on it.

2 בנוב׳ 2016

הערה

I'm booking longs here for now, taking my chances, if we get a dip I might buy again, for now I'm flat. Last: 18.48

2 בנוב׳ 2016

העסקה בוטלה באופן ידני

3 בנוב׳ 2016

הערה

It went to 18.72 after my exit at 18.48 but now is way lower.

Ours was a safe exit in XAGUSD

We'll monitor the weekly close after this, and determine if we want to reenter or not.

It'll be really safe only once we break above the resistance above the recent highs with confidence.