If you missed my previous XAU/USD 1:10 trade, don’t worry! There’s a great setup in NZD/USD for a short trade right now. Set your stop loss at 0.56252 and target the 15-minute swing low at 0.55428.
This trade setup is based on a confluence of key price action and market structure levels, with a focus on key support/resistance areas, price reactions, and trend confirmation across multiple timeframes.
Executed a short position on XAU/USD with a strategic entry at 2690.766. Using my standard market structure analysis, I identified a solid resistance level and potential downside momentum. Placing a stop loss at 2700 to manage risk and targeting 2593.019 for a solid risk-to-reward ratio. Ensuring a calculated approach with every trade.
