XAUUSD | Rising Wedge (Risky Setup) Update
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Previously price did not reach our entry point and continued forming the pattern
Initiate Short.
Entry - 1555.62
TP1 - 1537.01
TP2 - 1531.27
TP3 - 1524.84
SL - 1561.82
Reason: Rising wedge plur rejection from Pattern's resistance and Pivot Point.
This asset highly risky for short though, if you are a conservative trader better to wait for good entry to long rather than short the asset.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Previously price did not reach our entry point and continued forming the pattern
Initiate Short.
Entry - 1555.62
TP1 - 1537.01
TP2 - 1531.27
TP3 - 1524.84
SL - 1561.82
Reason: Rising wedge plur rejection from Pattern's resistance and Pivot Point.
This asset highly risky for short though, if you are a conservative trader better to wait for good entry to long rather than short the asset.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Join this telegram channel to see more ideas:
t.me/anputeam
Twitter account:
twitter.com/anputeam
t.me/anputeam
Twitter account:
twitter.com/anputeam
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.
Join this telegram channel to see more ideas:
t.me/anputeam
Twitter account:
twitter.com/anputeam
t.me/anputeam
Twitter account:
twitter.com/anputeam
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.