I see you've uploaded a set of trading charts, likely showing a strategy for trading CFDs on Gold (XAU/USD) on the hourly timeframe. Let me break down the key elements of your charts and observations:
Main Features: ✅ Entry and exit zones (Take Profit and Stop Loss) are clearly marked.
✅ The charts appear to use the Ichimoku cloud as a trend indicator.
✅ There's a horizontal resistance (red arrows) and a breakout area to the upside with a "Take Profit" zone.
✅ The final images suggest a potential bullish breakout move is anticipated.
Takeaways and Trading Idea:
The setup suggests waiting for a bullish breakout above the marked resistance zone (~3,308–3,310) to enter long, targeting the next zone (~3,372).
A stop loss is advised just below the support zone (~3,290).
Observations:
The red and green arrows highlight previous swing highs and lows.
The Ichimoku cloud is confirming the current neutral trend but can give a momentum boost if price breaks above.
It appears that your charting approach combines price action with Ichimoku-based trend confirmation.
If you need a refined trade plan or analysis (entry points, risk management, or breakout confirmation), let me know!
Main Features: ✅ Entry and exit zones (Take Profit and Stop Loss) are clearly marked.
✅ The charts appear to use the Ichimoku cloud as a trend indicator.
✅ There's a horizontal resistance (red arrows) and a breakout area to the upside with a "Take Profit" zone.
✅ The final images suggest a potential bullish breakout move is anticipated.
Takeaways and Trading Idea:
The setup suggests waiting for a bullish breakout above the marked resistance zone (~3,308–3,310) to enter long, targeting the next zone (~3,372).
A stop loss is advised just below the support zone (~3,290).
Observations:
The red and green arrows highlight previous swing highs and lows.
The Ichimoku cloud is confirming the current neutral trend but can give a momentum boost if price breaks above.
It appears that your charting approach combines price action with Ichimoku-based trend confirmation.
If you need a refined trade plan or analysis (entry points, risk management, or breakout confirmation), let me know!
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ACTIVE TRADE
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.
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.