The chart you've shared is for XAU/USD (Gold Spot vs US Dollar) on a 15-minute timeframe, showing a trade setup with the following levels:
Entry Level: Around 3,245 USD
Stop Loss: Around 3,222 USD
Take Profit Level: Around 3,271 USD
This is a long (buy) setup. The idea is to enter the trade when price pulls back to the entry level, with the expectation that it will rise to the take profit level. The stop loss is placed below recent support to protect against downside risk.
Let me know if you’d like:
Risk/reward ratio analysis
A backtest of similar setups
Help placing this trade in a platform like MetaTrader or TradingView
Entry Level: Around 3,245 USD
Stop Loss: Around 3,222 USD
Take Profit Level: Around 3,271 USD
This is a long (buy) setup. The idea is to enter the trade when price pulls back to the entry level, with the expectation that it will rise to the take profit level. The stop loss is placed below recent support to protect against downside risk.
Let me know if you’d like:
Risk/reward ratio analysis
A backtest of similar setups
Help placing this trade in a platform like MetaTrader or TradingView
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.