Silver Price Action: Fakey with Pin Setup, 21/03/2013

 

I did point out in the weekly chart that the metal seem to have bottomed out and that good bullish entries were to be sort after, pending nice price Action Setups. We have one today, following the close of the trading session. The Fakey with Pin Price Action Bullish setup could trigger the metal into the much awaited bullish frenzy. 

My Recommendation: Buy the pair with stops below recent lows.

Silver Weekly/Daily Price Action: The week ahead 11/03/2013 - 15/03/2013

We are starting the week with an interesting Advanced Price Action trade setup on the metal: The Pivot Bottom Price Action Trade Setup. When we couple this with the fact that the setup has occurred at about horizontal Support, we could be in on some bullishness in the coming week or weeks.

 

 The setups on the daily chart of silver are among my favorites: A Fakey With Pin bullish confirmation of a previous Pin Bar/Pivot Bottom Bullish setup. When I couple this with the weekly setup above, it gets further interesting. Expectation are for the bulls to kick in and push the pair higher.

My Recommendation: Go Long on this pair with stops below the recent lows.

Silver Daily: Bullish Pin at Support 04/03/2013

Expectations on the metal is that of a pullback into resistance. Whether there will be a breakout of the resistance or a reasonable price action setup to rejoin the bears is yet to be seen.

My recommendation: buy at pull back at about 28.30.