📊 Overview:
Today's market shows a clear bearish structure with a Break of Structure (BOS) on the 1H timeframe, signaling potential downside momentum.
🔑 Key Levels:
Sell Zone: 1H Order Block around 2620-2625.
Take Profit (TP): 15 Min Order Block at 2604.
Stop Loss (SL): Above the 1H OB, ensuring a favorable risk-to-reward ratio.
📈 Plan:
I'm waiting for price to retrace back into the 1H Order Block (2620-2625), looking for bearish confirmation (e.g., rejection wicks, lower timeframe structure break). If confirmed, I’ll enter a short position targeting liquidity around 2604.
🛡️ Risk Management:
Minimum 1:2 Risk-to-Reward Ratio.
Entry confirmation required before executing the trade.
What are your thoughts on this setup? Are you seeing the same structure? 👇 Let me know!
#Gold #XAUUSD #SmartMoneyConcepts #DayTrading #TechnicalAnalysis
Today's market shows a clear bearish structure with a Break of Structure (BOS) on the 1H timeframe, signaling potential downside momentum.
🔑 Key Levels:
Sell Zone: 1H Order Block around 2620-2625.
Take Profit (TP): 15 Min Order Block at 2604.
Stop Loss (SL): Above the 1H OB, ensuring a favorable risk-to-reward ratio.
📈 Plan:
I'm waiting for price to retrace back into the 1H Order Block (2620-2625), looking for bearish confirmation (e.g., rejection wicks, lower timeframe structure break). If confirmed, I’ll enter a short position targeting liquidity around 2604.
🛡️ Risk Management:
Minimum 1:2 Risk-to-Reward Ratio.
Entry confirmation required before executing the trade.
What are your thoughts on this setup? Are you seeing the same structure? 👇 Let me know!
#Gold #XAUUSD #SmartMoneyConcepts #DayTrading #TechnicalAnalysis
Trade active
Trade now active and running + 100 PipsTrade closed: target reached
TP HIT :) 
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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.