Based on your trade setup for XAUUSD (Gold vs USD):
Entry: 3334
Take Profit (Target): 3324
Stop Loss: 3342
Here's a quick analysis:
Trade Type: Sell (Short)
Risk (Stop Loss Distance): 3342 - 3334 = 8 pips
Reward (Target Distance): 3334 - 3324 = 10 pips
Risk:Reward Ratio: 8:10 or 1:1.25, which is acceptable.
Tips:
Make sure the trade aligns with the broader trend or technical signals (e.g., resistance level at 3334, bearish confirmation).
Keep an eye on volatility; gold can move rapidly, especially during news.
Would you like help analyzing this setup using current market data or chart patterns?
Entry: 3334
Take Profit (Target): 3324
Stop Loss: 3342
Here's a quick analysis:
Trade Type: Sell (Short)
Risk (Stop Loss Distance): 3342 - 3334 = 8 pips
Reward (Target Distance): 3334 - 3324 = 10 pips
Risk:Reward Ratio: 8:10 or 1:1.25, which is acceptable.
Tips:
Make sure the trade aligns with the broader trend or technical signals (e.g., resistance level at 3334, bearish confirmation).
Keep an eye on volatility; gold can move rapidly, especially during news.
Would you like help analyzing this setup using current market data or chart patterns?
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t.me/Gold_blue_pipshunter
t.me/Gold_blue_pipshunter
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.
join for free signals
t.me/Gold_blue_pipshunter
t.me/Gold_blue_pipshunter
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.