XAUUSD Breakout Analysis: Bearish Setup
Strategy Overview:
Accumulation zone breakout with confirmed volume, signals potential downside momentum.
Technical Setup:
- Accumulation Lower Channel: 3296.28
- Entry Strategy: Sell order at Accumulation Lower Channel [Retest]
- Stop Loss: Above Resistance
- **Target Zones:**
- Target 1: 3290.66 (Risk/Reward: 1:2)
- Target 2: 3287.73 (Risk/Reward: 1:3)
- Target 3: 3284.96 (Risk/Reward: 1:4)
**Key Confirmations:**
✅ Rejection candlestick patterns
✅ Bearish/Bullish Reversal patterns
✅ Impulsive moves away from setups POI
**Risk Management:**
- Exit: Partial profits at targets
- Trailing stop [Break even after Target 1 hit and/or Trailing stop after Target 1 hit]
Strategy Overview:
Accumulation zone breakout with confirmed volume, signals potential downside momentum.
Technical Setup:
- Accumulation Lower Channel: 3296.28
- Entry Strategy: Sell order at Accumulation Lower Channel [Retest]
- Stop Loss: Above Resistance
- **Target Zones:**
- Target 1: 3290.66 (Risk/Reward: 1:2)
- Target 2: 3287.73 (Risk/Reward: 1:3)
- Target 3: 3284.96 (Risk/Reward: 1:4)
**Key Confirmations:**
✅ Rejection candlestick patterns
✅ Bearish/Bullish Reversal patterns
✅ Impulsive moves away from setups POI
**Risk Management:**
- Exit: Partial profits at targets
- Trailing stop [Break even after Target 1 hit and/or Trailing stop after Target 1 hit]
Trade active
XAUUSD setup is playing out: price tapped KEY LEVEL as called. Now, we’ve got **Key Confirmations:** for BEARISH bias and a hit on our first targetTrade closed: target reached
Target 1 and 2 have been reached a Trailing stop can be instrumental if chasing Target 3
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.