Trade 2: XAU/USD - Short - 8.2 RR Ratio
Longer Time Frame Analysis - 1hr
1. Clear bearish sentiment
Shorter Time Frame Anlaysis - 15min
1. AMD price action
2. Bearish Triangle
3. Engulfing bearish candle between 0.5 and 0.382
Shorter Time Frame Analysis - 5min
1. Shorter EMA cross under Longer EMA at the bearish triangle breakout
Entry:
1. BOS
2. Shorter EMA cross under Longer EMA
3. The candle next to breakout bearish candle closed below the price of breakout candle
Targets: Using Trend Based Fib Extension
T1: 2649.23
T2: 2636.50
T3: 2620.40
SL:
Above EMA cross under of 5 min time frame
*Please share your views and thoughts about the setup*
1. Clear bearish sentiment
Shorter Time Frame Anlaysis - 15min
1. AMD price action
2. Bearish Triangle
3. Engulfing bearish candle between 0.5 and 0.382
Shorter Time Frame Analysis - 5min
1. Shorter EMA cross under Longer EMA at the bearish triangle breakout
Entry:
1. BOS
2. Shorter EMA cross under Longer EMA
3. The candle next to breakout bearish candle closed below the price of breakout candle
Targets: Using Trend Based Fib Extension
T1: 2649.23
T2: 2636.50
T3: 2620.40
SL:
Above EMA cross under of 5 min time frame
*Please share your views and thoughts about the setup*
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.