Shorting Gold: M15 Opportunity
📌 Asset: XAUUSD (Gold/USD)
📌 Timeframe: 15-minute (M15)
📌 Trade Direction: Short / Sell
🔹 Entry Points:
Aggressive: Around 2923.00
Conservative: Break below 2920.05
🔸 Trade Parameters:
✅ Stop Loss (SL): 2924.50
✅ Take Profit 1 (TP1): 2897.00
✅ Take Profit 2 (TP2) (Optional): 2891.00
📊 Rationale:
🔸 Visual bearish setup on the chart (red/green boxes indicating a downward move).
⚠️ Risk Management:
✔️ Risk 1-2% of capital.
✔️ Calculate risk-to-reward ratio before entry.
✔️ Monitor trade closely.
📌 Timeframe: 15-minute (M15)
📌 Trade Direction: Short / Sell
🔹 Entry Points:
Aggressive: Around 2923.00
Conservative: Break below 2920.05
🔸 Trade Parameters:
✅ Stop Loss (SL): 2924.50
✅ Take Profit 1 (TP1): 2897.00
✅ Take Profit 2 (TP2) (Optional): 2891.00
📊 Rationale:
🔸 Visual bearish setup on the chart (red/green boxes indicating a downward move).
⚠️ Risk Management:
✔️ Risk 1-2% of capital.
✔️ Calculate risk-to-reward ratio before entry.
✔️ Monitor trade closely.
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