XAGUSD (SILVER) ____ INCOMING BEARISH MOVE

22 thg 5, 2023Hello Traders,

If you follow me already, you will know that I get my directional bias from the dollar index. In my previous post on the dollar (inserted below) I stated that I am bullish on the dollar which would mean I am bearish on XAGUSD.

As you may see on my chart, I expect the price to be bullish at the start of the week. This will make the price enter into both a daily and weekly FVG, which will lead to a more bearish move in XAGUSD.

You will also notice that we have buy-side liquidity just inside the FVGs - more reasons for the bearish move.

If you like this, check out my profile for more.

DXY
https://www.tradingview.com/chart/USDOLLAR/QJ3HIReq-US-DOLLAR-INDEX-BULLISH-CONTINUATION/

EURUSD
https://www.tradingview.com/chart/EURUSD/MnU3U6je-EURUSD-INCOMING-BEARISH-MOVE/

GBPUSD
https://www.tradingview.com/chart/GBPUSD/R2gseMu5-GBPUSD-INCOMING-BEARISH-MOVE/

Cheers,
David