Direction: Long
Order Type: Buy Stop
Entry: 3366.50 (above recent local resistance and reclaiming structure)
Stop Loss: 3352.00 (below M15/M3 structure and recent low)
Take Profit: 3402.00 (previous swing high zone and just under H4 resistance)
Risk-Reward Ratio: ~2.57R
⸻
🧠 Trade Rationale
H4
• Price bounced from a higher low around 3320–3330, still respecting the long-term uptrend.
• Price is now reclaiming the 20/50 SMA cluster, which could act as dynamic support.
• Momentum is neutral-to-positive with MACD poised for a bullish crossover.
M15
• Price reclaimed 20 SMA and is now curling back above the 50 SMA.
• Clean bullish engulfing structure forming, indicating buyer re-entry.
• RSI is mid-50s with room to expand upward.
M3
• Strong, steady micro uptrend forming higher lows and consolidating under resistance near 3366.
• Increasing volume on upward moves, suggesting healthy interest from buyers.
⸻
🛡️ Risk Management & Execution
• Entry confirmation: Only enter if price breaks above 3366.50 on strength — avoid premature triggers.
• Invalidation Window: Trade becomes invalid if price closes below 3350 on a 15-minute candle. This would break both M3 and M15 structure.
• SL to BE: Move SL to break-even after price reaches 3377 and forms a micro higher low on M3 or support-resistance flip.
XAUUSD
Order Type: Buy Stop
Entry: 3366.50 (above recent local resistance and reclaiming structure)
Stop Loss: 3352.00 (below M15/M3 structure and recent low)
Take Profit: 3402.00 (previous swing high zone and just under H4 resistance)
Risk-Reward Ratio: ~2.57R
⸻
🧠 Trade Rationale
H4
• Price bounced from a higher low around 3320–3330, still respecting the long-term uptrend.
• Price is now reclaiming the 20/50 SMA cluster, which could act as dynamic support.
• Momentum is neutral-to-positive with MACD poised for a bullish crossover.
M15
• Price reclaimed 20 SMA and is now curling back above the 50 SMA.
• Clean bullish engulfing structure forming, indicating buyer re-entry.
• RSI is mid-50s with room to expand upward.
M3
• Strong, steady micro uptrend forming higher lows and consolidating under resistance near 3366.
• Increasing volume on upward moves, suggesting healthy interest from buyers.
⸻
🛡️ Risk Management & Execution
• Entry confirmation: Only enter if price breaks above 3366.50 on strength — avoid premature triggers.
• Invalidation Window: Trade becomes invalid if price closes below 3350 on a 15-minute candle. This would break both M3 and M15 structure.
• SL to BE: Move SL to break-even after price reaches 3377 and forms a micro higher low on M3 or support-resistance flip.
XAUUSD Trade closed: stop reached
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.