XAUUSD - SHORT ENTRY
XAUUSD - Price trading inside short term bearish whereby there is a break of structure in the 5m, 15m, 30m and 1hr time frame.
Impulse short term sell entries can be taken with the thought of inefficiencies that has yet to be mitigated.
As with any analysis we make, it's always better to start at a Higher timeframe.
So if you look at the H4 timeframe, the price had already made a Trendline Breakout.
That would be a sign that the next movement will be a downtrend.
An if you look closely, the price had already rejected the SELL zone at 1795.50.
Moving to the H1 timeframe, the price seems to be making a chart pattern which was usually called a Head and Shoulder.
This pattern counts as a confirmation.
Zooming further into the M30 timeframe, the price had also made a Trendline Breakout.
Which is a sign/confirmation that the price may still have a potential to go further down.
And finally we go into the M15 timeframe.
With regards to this, we used the SnD as a SELL zone and we also have the SBR zone as a confirmation to SELL.
SELL BY MARKET EXECUTION
R:R - 1:4
E/P: 1791.67
S/L: 1795.58
T/P: 1774.00
TP - Green Zone
SL - Red Zone
Impulse short term sell entries can be taken with the thought of inefficiencies that has yet to be mitigated.
As with any analysis we make, it's always better to start at a Higher timeframe.
So if you look at the H4 timeframe, the price had already made a Trendline Breakout.
That would be a sign that the next movement will be a downtrend.
An if you look closely, the price had already rejected the SELL zone at 1795.50.
Moving to the H1 timeframe, the price seems to be making a chart pattern which was usually called a Head and Shoulder.
This pattern counts as a confirmation.
Zooming further into the M30 timeframe, the price had also made a Trendline Breakout.
Which is a sign/confirmation that the price may still have a potential to go further down.
And finally we go into the M15 timeframe.
With regards to this, we used the SnD as a SELL zone and we also have the SBR zone as a confirmation to SELL.
SELL BY MARKET EXECUTION
R:R - 1:4
E/P: 1791.67
S/L: 1795.58
T/P: 1774.00
TP - Green Zone
SL - Red Zone
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