Your XAU/USD sell setup at 3115 with a stop loss at 3135 and multiple targets is structured well. Here’s a quick breakdown:
Trade Details
Entry: 3115.000 (Sell)
Stop Loss: 3135.000 (-200 pips risk)
Target 1: 3100.000 (+150 pips)
Target 2: 3080.000 (+350 pips)
Target 3: 3050.000 (+650 pips)
Target 4: 3020.000 (+950 pips)
Target 5: 2980.000 (+1350 pips)
Risk-Reward Ratio (R:R)
Target 1: 0.75:1 (not great)
Target 2: 1.75:1 (good)
Target 3: 3.25:1 (better)
Target 4: 4.75:1 (strong)
Target 5: 6.75:1 (excellent)
Execution Checklist Before Entry
✅ Trend Confirmation: Ensure XAU/USD is in a bearish trend with strong resistance around 3115. Check moving averages (50MA, 200MA), trendlines, and price action.
✅ News Impact: Watch for high-impact USD news (NFP, FOMC, CPI) that could cause volatility.
✅ Momentum & Volume: Confirm strong bearish momentum before entering.
Trade Management Tips
Break-Even Strategy: If price hits 3100, move SL to 3115 to secure capital.
Partial Profits: Consider taking profits at 3100 and 3080, letting the rest run.
Trailing Stop: Adjust SL downward as price moves in your favor to maximize gains.
Trade Details
Entry: 3115.000 (Sell)
Stop Loss: 3135.000 (-200 pips risk)
Target 1: 3100.000 (+150 pips)
Target 2: 3080.000 (+350 pips)
Target 3: 3050.000 (+650 pips)
Target 4: 3020.000 (+950 pips)
Target 5: 2980.000 (+1350 pips)
Risk-Reward Ratio (R:R)
Target 1: 0.75:1 (not great)
Target 2: 1.75:1 (good)
Target 3: 3.25:1 (better)
Target 4: 4.75:1 (strong)
Target 5: 6.75:1 (excellent)
Execution Checklist Before Entry
✅ Trend Confirmation: Ensure XAU/USD is in a bearish trend with strong resistance around 3115. Check moving averages (50MA, 200MA), trendlines, and price action.
✅ News Impact: Watch for high-impact USD news (NFP, FOMC, CPI) that could cause volatility.
✅ Momentum & Volume: Confirm strong bearish momentum before entering.
Trade Management Tips
Break-Even Strategy: If price hits 3100, move SL to 3115 to secure capital.
Partial Profits: Consider taking profits at 3100 and 3080, letting the rest run.
Trailing Stop: Adjust SL downward as price moves in your favor to maximize gains.
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.
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.