Entry Price (Sell): 3230
Current Price: Around 3225
Take Profit Levels (TP):
TP1: 3220
TP2: 3215
TP3: 3205
Price Action:
A breakout occurred from a descending trendline.
The price moved up to around 3230, met resistance, and started pulling back.
Bearish candlestick has formed after the attempted push above 3230.
Technical Insights
Break and Retest Pattern: Price broke the downward trendline, suggesting a reversal or pullback move. But it failed to sustain above 3230, forming a bearish structure.
Bearish Rejection at 3230: Suggests strong supply/resistance at that level. Entry is well-placed for a short if price fails to make a higher high.
Target Areas (TPs): The take-profits are placed logically at previous minor support levels.
Trade Outlook
Bearish Bias: As long as price stays below 3230, the outlook supports a short trade.
Stop Loss Consideration: Ideally above the recent high (~3235 or 3240) to manage risk.
Momentum: Current candle suggests selling pressure is returning.
Current Price: Around 3225
Take Profit Levels (TP):
TP1: 3220
TP2: 3215
TP3: 3205
Price Action:
A breakout occurred from a descending trendline.
The price moved up to around 3230, met resistance, and started pulling back.
Bearish candlestick has formed after the attempted push above 3230.
Technical Insights
Break and Retest Pattern: Price broke the downward trendline, suggesting a reversal or pullback move. But it failed to sustain above 3230, forming a bearish structure.
Bearish Rejection at 3230: Suggests strong supply/resistance at that level. Entry is well-placed for a short if price fails to make a higher high.
Target Areas (TPs): The take-profits are placed logically at previous minor support levels.
Trade Outlook
Bearish Bias: As long as price stays below 3230, the outlook supports a short trade.
Stop Loss Consideration: Ideally above the recent high (~3235 or 3240) to manage risk.
Momentum: Current candle suggests selling pressure is returning.
Trade active
Wow within 5 minutes hit our Tp 1 With 50 pips
Trade closed: target reached
Hit all traget 300pips
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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.
Our telegram channel daily update here guys t.me/GOLDTRDAINGSIGNAL11
Daily signals here
Daily signals here
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.