XPTUSD Channel Trade Short
Good Day, We can see in recent times XPT/USD has been trading in a Range.
We are looking at a short setup back to the 970.00 Demand Zone.
Price has successfully Break Close below the 200EMA and Retested with continuation candles short.
This I refer to the BCR + C pattern. The trade setup offer a great RR ratio and with good confluence paired with recent price action
Stop loss just above porevious 30min high
Tp 970 Zone
Any pullback might be a great entry point.
We are looking at a short setup back to the 970.00 Demand Zone.
Price has successfully Break Close below the 200EMA and Retested with continuation candles short.
This I refer to the BCR + C pattern. The trade setup offer a great RR ratio and with good confluence paired with recent price action
Stop loss just above porevious 30min high
Tp 970 Zone
Any pullback might be a great entry point.
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.