Gold (XAU/USD) has swept liquidity above a key resistance zone, creating a strategic sell limit setup. This price action indicates a potential bearish reversal as smart money absorbs buying pressure.
Key Observations:
Liquidity Sweep: The price surged above a significant resistance level, clearing stop-losses and trapping buyers in the process.
Market Structure: Emerging bearish rejection signals, such as wicks and declining momentum, suggest a potential shift to the downside.
Optimal Entry: A sell limit at [specific price level] is positioned to capitalize on the anticipated reversal.
Trade Plan:
Entry: Sell limit at [specific level], aligned with the liquidity grab.
Stop Loss: Placed above the recent liquidity sweep to manage risk.
Take Profit: Targeting support levels at [specific levels] for a favorable risk-reward ratio.
Risk Management:
This trade setup leverages the liquidity grab for a high-probability reversal, but disciplined risk management and careful position sizing are crucial. Monitor price action for confirmation of bearish intent before executing the trade.
Key Observations:
Liquidity Sweep: The price surged above a significant resistance level, clearing stop-losses and trapping buyers in the process.
Market Structure: Emerging bearish rejection signals, such as wicks and declining momentum, suggest a potential shift to the downside.
Optimal Entry: A sell limit at [specific price level] is positioned to capitalize on the anticipated reversal.
Trade Plan:
Entry: Sell limit at [specific level], aligned with the liquidity grab.
Stop Loss: Placed above the recent liquidity sweep to manage risk.
Take Profit: Targeting support levels at [specific levels] for a favorable risk-reward ratio.
Risk Management:
This trade setup leverages the liquidity grab for a high-probability reversal, but disciplined risk management and careful position sizing are crucial. Monitor price action for confirmation of bearish intent before executing the trade.
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.