May be market bearish in downfall at 3,250.
🟦 Trade Setup (Short Entry):
Entry: $3,290 This level was likely chosen because it’s the breakdown level from the consolidation or neckline of the rounded top.
Stop Loss: $3,308 Just above recent consolidation highs or EMA levels to protect against a false breakout.
Target (TP): $3,250 Based on measured move from the height of the pattern or key support area.
📉 Bias: Bearish
Since price broke support with volume and EMAs are trending down, the bias remains bearish unless the price closes back above $3,308.
1. Pattern Formations:
Two bearish continuation patterns are visible:
A rising wedge or consolidation phase (highlighted by the first shaded area).
A rounded top formation (second highlighted area), which often signals a reversal to the downside.
2. Moving Averages (EMA 20/50/100/200)
The price is trading below all major EMAs (Exponential Moving Averages), which confirms bearish momentum. EMAs are aligned in a bearish structure: 20 < 50 < 100 < 200.
3. Volume:
Volume appears to increase on the recent downward move, supporting the bearish breakdown.
🟦 Trade Setup (Short Entry):
Entry: $3,290 This level was likely chosen because it’s the breakdown level from the consolidation or neckline of the rounded top.
Stop Loss: $3,308 Just above recent consolidation highs or EMA levels to protect against a false breakout.
Target (TP): $3,250 Based on measured move from the height of the pattern or key support area.
📉 Bias: Bearish
Since price broke support with volume and EMAs are trending down, the bias remains bearish unless the price closes back above $3,308.
1. Pattern Formations:
Two bearish continuation patterns are visible:
A rising wedge or consolidation phase (highlighted by the first shaded area).
A rounded top formation (second highlighted area), which often signals a reversal to the downside.
2. Moving Averages (EMA 20/50/100/200)
The price is trading below all major EMAs (Exponential Moving Averages), which confirms bearish momentum. EMAs are aligned in a bearish structure: 20 < 50 < 100 < 200.
3. Volume:
Volume appears to increase on the recent downward move, supporting the bearish breakdown.
Trade active
Congratulation guys market in our favour around 200+PIPS profit in running .Trade closed: target reached
Our target has been hit on our Tragte and around 350+Pips in profit market is in our favour . now ready for next moment
Best Analysis xauusd single
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VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+SAB5y_Kpm8RjYjlk
t.me/+SAB5y_Kpm8RjYjlk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+SAB5y_Kpm8RjYjlk
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.
Best Analysis xauusd single
t.me/+SAB5y_Kpm8RjYjlk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+SAB5y_Kpm8RjYjlk
t.me/+SAB5y_Kpm8RjYjlk
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+SAB5y_Kpm8RjYjlk
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.