🔍 Multi-Timeframe Analysis
📉 H4:
• Price is compressing below the 20 and 50 SMAs.
• Recent attempts to break higher failed to sustain; MACD is slightly bearish, hinting momentum is fading.
• Consolidation after the big push suggests potential for another leg down if support breaks.
🕒 M15:
• Strong bounce into resistance, now stalling at the underside of the previous structure (~3315–3320).
• 20 SMA is curling down and converging with the 50 SMA, signaling a potential momentum shift.
🕒 M3:
• Price just lost short-term bullish structure after failing to break 3318.
• Flattening and slight downward curl in the 20 SMA.
• Volume shows a slowdown on the bounce and heavier selling earlier in the day — signs of weakness.
⸻
✅ Trade Idea
Type: Sell Stop
Entry: 3308
Stop Loss: 3322
Take Profit: 3273
———
🧠 Why This Setup Works
• This is a momentum breakdown trade: placing a sell stop just below short-term support (3308) to catch the shift in momentum if price breaks lower.
• Price already rejected the high around 3318; if it pushes below 3308, it confirms that sellers have taken back control.
• There’s clean room down to 3273 — a previous reaction zone and recent demand level — offering a good risk-to-reward.
⸻
🛡️ Risk Management & Execution
• SL to BE Rule: Move stop loss to break-even once price reaches 3293 (15 points in your favor, 1R). That’s the halfway point to target and right above a small reaction zone that could cause a pullback.
• Invalidation Window: If price moves above 3325 before activating entry, cancel the trade idea. That would invalidate the lower-high structure and suggest momentum has shifted bullish again.
⸻
⏱️ Session Timing & Considerations
• NY session opens at 6:30 AM Pacific (PT).
• Ideally, this trade should activate and move by pre-New York to early NY session. If price stalls or consolidates near the entry level for too long into the session (after 9:30–10:00 AM PT), consider canceling or reassessing.
XAUUSD
📉 H4:
• Price is compressing below the 20 and 50 SMAs.
• Recent attempts to break higher failed to sustain; MACD is slightly bearish, hinting momentum is fading.
• Consolidation after the big push suggests potential for another leg down if support breaks.
🕒 M15:
• Strong bounce into resistance, now stalling at the underside of the previous structure (~3315–3320).
• 20 SMA is curling down and converging with the 50 SMA, signaling a potential momentum shift.
🕒 M3:
• Price just lost short-term bullish structure after failing to break 3318.
• Flattening and slight downward curl in the 20 SMA.
• Volume shows a slowdown on the bounce and heavier selling earlier in the day — signs of weakness.
⸻
✅ Trade Idea
Type: Sell Stop
Entry: 3308
Stop Loss: 3322
Take Profit: 3273
———
🧠 Why This Setup Works
• This is a momentum breakdown trade: placing a sell stop just below short-term support (3308) to catch the shift in momentum if price breaks lower.
• Price already rejected the high around 3318; if it pushes below 3308, it confirms that sellers have taken back control.
• There’s clean room down to 3273 — a previous reaction zone and recent demand level — offering a good risk-to-reward.
⸻
🛡️ Risk Management & Execution
• SL to BE Rule: Move stop loss to break-even once price reaches 3293 (15 points in your favor, 1R). That’s the halfway point to target and right above a small reaction zone that could cause a pullback.
• Invalidation Window: If price moves above 3325 before activating entry, cancel the trade idea. That would invalidate the lower-high structure and suggest momentum has shifted bullish again.
⸻
⏱️ Session Timing & Considerations
• NY session opens at 6:30 AM Pacific (PT).
• Ideally, this trade should activate and move by pre-New York to early NY session. If price stalls or consolidates near the entry level for too long into the session (after 9:30–10:00 AM PT), consider canceling or reassessing.
XAUUSD Trade closed: stop reached
OVERALL A GOOD TRADE, PRICE MOVED IN THE DIRECTION I THOUGHT IT WOULD AND A 15M CANDLE CLOSED BELOW 3295 LEADING ME TO MOVE SL TO BE. PRICE HAD TROUBLE PUSHING PAST THAT POINT AND EVENTUALLY CAME BACK UP AND WICKING ME OUT. PRICE THEN PRECEEDED TO DROP AND HIT TP.GOOD TRADE AND PRICE ACTION JUST UNLUCKY.
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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.