The Daily Edge - 20th Feb 2025
Indecision at Previous ATH as Shorts Remain in Focus
Market Overview
Wednesday’s daily candle printed a doji, testing the previous ATH and 2940 consolidation high.
Entered shorts at these levels, took an initial loss, but considering re-engagement today.
While this goes against the Monthly and Weekly trends, the Daily timeframe shows indecision, reinforcing a short bias for now.
Key Observations
Daily doji signals indecision – price failed to break convincingly above 2940.
4H remains bullish – trend strength contradicts daily indecision.
POI for longs at 2920 – bullish close above Friday’s bearish PA suggests support below Wednesday’s low.
Shorts remain in focus – targeting 2865 but will re-evaluate if invalidated.
Our Next Steps
Manage short positions, watching for reaction toward 2865.
Remain flexible – exit shorts if structure shifts, reassess for re-entry.
Monitor 4H structure & POI at 2920 – if price finds support, consider a shift to longs.
Reflection Prompt
How do you balance short-term trade setups with higher timeframe trends while managing risk effectively?
#XAUUSD #Gold #TradingView #MarketAnalysis #PriceAction #PipsnPaper
Market Overview
Wednesday’s daily candle printed a doji, testing the previous ATH and 2940 consolidation high.
Entered shorts at these levels, took an initial loss, but considering re-engagement today.
While this goes against the Monthly and Weekly trends, the Daily timeframe shows indecision, reinforcing a short bias for now.
Key Observations
Daily doji signals indecision – price failed to break convincingly above 2940.
4H remains bullish – trend strength contradicts daily indecision.
POI for longs at 2920 – bullish close above Friday’s bearish PA suggests support below Wednesday’s low.
Shorts remain in focus – targeting 2865 but will re-evaluate if invalidated.
Our Next Steps
Manage short positions, watching for reaction toward 2865.
Remain flexible – exit shorts if structure shifts, reassess for re-entry.
Monitor 4H structure & POI at 2920 – if price finds support, consider a shift to longs.
Reflection Prompt
How do you balance short-term trade setups with higher timeframe trends while managing risk effectively?
#XAUUSD #Gold #TradingView #MarketAnalysis #PriceAction #PipsnPaper
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。