XAUUSDT Long Trade Analyis M15
15-minute chart setup using momentum divergence, fractal bar, pitchfork, and Fibonacci levels. Currently an ongoing trade with a 1:3 risk-reward ratio. Monitoring price action for potential confirmation. Let's see how it plays out!
Trade closed manually
Update:
The price came close to hitting my TP but didn’t fully fill. 📉 Due to the price action respecting the median line of the pitchfork, I decided to adjust my target. The median acted as a strong resistance, causing the price to reverse downward.
This move reminds me how crucial it is to stay flexible and adapt to the market’s behavior. What are your thoughts on this setup?
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.