Market Overview:
Gold (XAU/USD) is trading near historical highs, indicating strong buying pressure. However, a potential candlestick pattern could signal a short-term correction.
🎯 Plan for the Day:
Short Positions (Short-Term):
I will consider entering short trades if a bearish candlestick pattern forms (e.g., pin bar or engulfing pattern).
Target: The nearest liquidity zone on the M15 timeframe.
Risk-to-Reward Ratio (RR): Greater than 1:5.
Long Positions (Short-Term):
If the price "sweeps" the liquidity at IDM (Initial Drive Momentum), I will consider entering a short-term long trade.
Target: The next liquidity zone on the upside.
📊 Chart:
Attached is a chart with key levels marked: historical highs, IDM, and nearby liquidity zones.
⚠️ Risk Management:
Stop-loss will be placed just beyond the nearest key level.
Position size is calculated to ensure risk does not exceed 1% of the trading capital.
Gold (XAU/USD) is trading near historical highs, indicating strong buying pressure. However, a potential candlestick pattern could signal a short-term correction.
🎯 Plan for the Day:
Short Positions (Short-Term):
I will consider entering short trades if a bearish candlestick pattern forms (e.g., pin bar or engulfing pattern).
Target: The nearest liquidity zone on the M15 timeframe.
Risk-to-Reward Ratio (RR): Greater than 1:5.
Long Positions (Short-Term):
If the price "sweeps" the liquidity at IDM (Initial Drive Momentum), I will consider entering a short-term long trade.
Target: The next liquidity zone on the upside.
📊 Chart:
Attached is a chart with key levels marked: historical highs, IDM, and nearby liquidity zones.
⚠️ Risk Management:
Stop-loss will be placed just beyond the nearest key level.
Position size is calculated to ensure risk does not exceed 1% of the trading capital.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.