This chart illustrates a potential short (sell) trade setup for XAU/USD (Gold vs US Dollar) on the 15-minute timeframe. Here's a breakdown of the key elements shown:
Entry Level (Green Line): Around 3,248.000 — the suggested level to enter the short trade.
Stop Loss (Red Line): Just above 3,260.000 — protecting against losses if the price moves up instead.
Take Profit (Blue Line): Just above 3,220.000 — the target for profit if the price drops.
Blue Arrow: Indicates the expected bearish move (price drop) following a bearish breakout.
This appears to be a bearish breakout trade strategy, possibly based on price action and recent resistance behavior near the entry level.
Let me know if you’d like help calculating the risk/reward ratio, adjusting levels, or backtesting this setup.
Entry Level (Green Line): Around 3,248.000 — the suggested level to enter the short trade.
Stop Loss (Red Line): Just above 3,260.000 — protecting against losses if the price moves up instead.
Take Profit (Blue Line): Just above 3,220.000 — the target for profit if the price drops.
Blue Arrow: Indicates the expected bearish move (price drop) following a bearish breakout.
This appears to be a bearish breakout trade strategy, possibly based on price action and recent resistance behavior near the entry level.
Let me know if you’d like help calculating the risk/reward ratio, adjusting levels, or backtesting this setup.
Trade active
Trade active
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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.