🔴 ↓ Sell Limit Setup for XAU/USD
✅ Pair: Gold (XAU/USD)
✅ Entry: Sell Limit @ 2858
🔹 Stop Loss (SL): 2861
🔹 Take Profit 1 (TP1): 2805
🔹 Take Profit 2 (TP2): 2780
🔹 Move SL to BE: 2820
🔹 Line of No Return: 2860
📊 Confluence Rating: 4/5
✅ Confirmations:
Wave 5 exhaustion at 2860 aligning with Elliott Wave completion.
Fair Value Gap (FVG) on M30/H1, suggesting a strong supply zone.
Liquidity grab above previous session highs (BSL taken).
M15 bearish engulfing or wick rejection required at entry for confirmation.
📌 Risk Management: Use proper lot sizing and adjust for market conditions. 🚀
✅ Pair: Gold (XAU/USD)
✅ Entry: Sell Limit @ 2858
🔹 Stop Loss (SL): 2861
🔹 Take Profit 1 (TP1): 2805
🔹 Take Profit 2 (TP2): 2780
🔹 Move SL to BE: 2820
🔹 Line of No Return: 2860
📊 Confluence Rating: 4/5
✅ Confirmations:
Wave 5 exhaustion at 2860 aligning with Elliott Wave completion.
Fair Value Gap (FVG) on M30/H1, suggesting a strong supply zone.
Liquidity grab above previous session highs (BSL taken).
M15 bearish engulfing or wick rejection required at entry for confirmation.
📌 Risk Management: Use proper lot sizing and adjust for market conditions. 🚀
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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.