This chart shows a gold trading setup (CFDs on Gold - US$/OZ) on a 30-minute timeframe. Here’s a quick breakdown:
Trend Direction: Strong uptrend with a series of higher highs and higher lows.
Entry Point: The second green arrow indicates a breakout confirmation after a small pullback, suggesting a buy entry.
Stop Loss: Set just below the breakout level (in red zone) to limit potential losses.
Take Profit: Target is marked in the green box above, projecting the move upward based on previous price action.
Risk-Reward Ratio: Favorable — the green (reward) zone is larger than the red (risk) zone.
The pattern looks like a bullish flag breakout, suggesting continuation of the prior upward momentum.
Are you trading this setup or just analyzing it?
Trend Direction: Strong uptrend with a series of higher highs and higher lows.
Entry Point: The second green arrow indicates a breakout confirmation after a small pullback, suggesting a buy entry.
Stop Loss: Set just below the breakout level (in red zone) to limit potential losses.
Take Profit: Target is marked in the green box above, projecting the move upward based on previous price action.
Risk-Reward Ratio: Favorable — the green (reward) zone is larger than the red (risk) zone.
The pattern looks like a bullish flag breakout, suggesting continuation of the prior upward momentum.
Are you trading this setup or just analyzing it?
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
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 telegram channel free ..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
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.