This chart shows a 15-minute price action analysis of XAUUSD (Gold vs US Dollar) with a trade setup highlighted. Here's a breakdown of what's shown:
Trade Setup:
Entry Zone: Around $3,306.62
Target Point: Around $3,330.00
Target Gain: +24.24 (0.73%)
Amount: $1,630.03
Stop Loss: Around $3,295.00
Loss if stopped: -9.62 (0.29%)
Amount: $750
Risk/Reward Ratio: 2.52, which is favorable (greater than 2 is often preferred by traders).
Chart Pattern:
The text indicates a bullish pattern is forming, with the arrow suggesting an expected breakout to the upside.
Other Key Details:
Timeframe: 15-minute chart (short-term scalping or intraday strategy)
P&L: Current small open profit/loss of 1.75
Position Size: 25 contracts
Technical Summary:
This is a long trade setup (buy with expectation of upward movement).
The stop loss is tightly placed, which reduces downside risk.
The target is near a recent resistance level (dashed line).
If you're trading this:
Confirm pattern (like a double bottom, wedge, or inverse H&S).
Watch volume and momentum for confirmation.
Manage risk as always—2.52 R:R is good, but only if your edge plays out.
Would you like help identifying the pattern or analyzing the candlestick formations in more detail?
Trade Setup:
Entry Zone: Around $3,306.62
Target Point: Around $3,330.00
Target Gain: +24.24 (0.73%)
Amount: $1,630.03
Stop Loss: Around $3,295.00
Loss if stopped: -9.62 (0.29%)
Amount: $750
Risk/Reward Ratio: 2.52, which is favorable (greater than 2 is often preferred by traders).
Chart Pattern:
The text indicates a bullish pattern is forming, with the arrow suggesting an expected breakout to the upside.
Other Key Details:
Timeframe: 15-minute chart (short-term scalping or intraday strategy)
P&L: Current small open profit/loss of 1.75
Position Size: 25 contracts
Technical Summary:
This is a long trade setup (buy with expectation of upward movement).
The stop loss is tightly placed, which reduces downside risk.
The target is near a recent resistance level (dashed line).
If you're trading this:
Confirm pattern (like a double bottom, wedge, or inverse H&S).
Watch volume and momentum for confirmation.
Manage risk as always—2.52 R:R is good, but only if your edge plays out.
Would you like help identifying the pattern or analyzing the candlestick formations in more detail?
Trade active
trade activeTrade closed: target reached
Target 250 pips done
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.