In today's post, we go into a potential SHORT in XAU/USD = SILVER,
which will have to prove itself in the next few hours.
To give you a brief overview of the symbols used in the chart, I have included a labeled version of the chart.
DIRECTION
RISK TO REWARD = 3.16
RISK TO REWARD = 8.82
CAUTION
Before you enter the SHORT, pay attention to the smaller time frames, how they react to the drawn levels.
> If there is no desired reaction on the smaller time frames, then you have to wait and see.
> Additionally, watch the DXY and GOLD for how the two pairs behave. If the DXY continues to sell off as expected, the SHORT idea is unnecessary.
> Feel free to share in the comments, about the implications of this week's dates.
> Sharing your perspective allows each of us to improve.
If this explanation has added value to you, I would be very happy to receive a rating. Thank you and happy trading!
ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
which will have to prove itself in the next few hours.
To give you a brief overview of the symbols used in the chart, I have included a labeled version of the chart.
DIRECTION
RISK TO REWARD = 3.16
RISK TO REWARD = 8.82
CAUTION
Before you enter the SHORT, pay attention to the smaller time frames, how they react to the drawn levels.
> If there is no desired reaction on the smaller time frames, then you have to wait and see.
> Additionally, watch the DXY and GOLD for how the two pairs behave. If the DXY continues to sell off as expected, the SHORT idea is unnecessary.
> Feel free to share in the comments, about the implications of this week's dates.
> Sharing your perspective allows each of us to improve.
If this explanation has added value to you, I would be very happy to receive a rating. Thank you and happy trading!
ZIEL IST DIE AUTARKIE | THE GOAL IS SELF-SUFFICIENCY
Note
UPDATE! Possible expiration + new target zone !
Trade closed: target reached
After the price ran perfectly into the first "entry point", there was a sell-off to the marked TP3.- everyone should have closed the position completely at the latest after 4h close (shooting star).
Congratulations on the 4.3% RAW Win!
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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.
Related publications
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.