XAUUSD - POTENTIAL SHORT ENTRY
XAUUSD OUTLOOK
Price trading inside strong bearish and is also approaching towards a market inefficiency., creating a potential opportunity for a sell.
Impulse Short entries can be taken once price rejects that region.
Based on our analysis, if seems like the price had already break the trendline in the H1 timeframe. So the next movement will be a downtrend.
In our opinion, there might be a potential sell zone along with trendline breakout, the SBR zone and the SnD in the M15 timeframe as the confirmations.
We had our sells set up with potential downside in the R:R ratio of 1:4.
XAUUSD
SELL LIMIT ORDER
EP: 1802.50
SL: 1806.50
TP1: 1800.50 (20 pips)
TP2: 1797.50 (50 pips)
TP3: 1787.50 (150 pips)
Price trading inside strong bearish and is also approaching towards a market inefficiency., creating a potential opportunity for a sell.
Impulse Short entries can be taken once price rejects that region.
Based on our analysis, if seems like the price had already break the trendline in the H1 timeframe. So the next movement will be a downtrend.
In our opinion, there might be a potential sell zone along with trendline breakout, the SBR zone and the SnD in the M15 timeframe as the confirmations.
We had our sells set up with potential downside in the R:R ratio of 1:4.
XAUUSD
SELL LIMIT ORDER
EP: 1802.50
SL: 1806.50
TP1: 1800.50 (20 pips)
TP2: 1797.50 (50 pips)
TP3: 1787.50 (150 pips)
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