XAUUSD Descending Triangle – Bearish Bias

78
XAUUSD SHORT TRADE PLAN (4H Chart)

📉 Trade Type: SHORT (Sell)
🔽 Chart Pattern: Descending Triangle – Bearish Bias

🔹ENTRY POINTS:

Entry 1 (Aggressive): Around 3,260–3,265 (resistance zone under trendline)

Entry 2 (Conservative): On confirmed break & close below 3,182 (support breakout)

🔹TAKE PROFIT TARGETS:

TP1: 3,180 (initial support touch)

TP2: 3,120 (mid-range demand zone)

TP3: 3,000 (psychological + structural support)

🔹STOP LOSS (SL):

Place above trendline at 3,283–3,285 (structure invalidation)

🟩 Risk Management Tip:
Use proper lot size. Consider breakeven at TP1 or partial close.

Would you like a version of the chart with these levels and labels added?
Trade closed manually
trade filled after 60++ pips

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.