SHORT TRADE EXAMPLE GOLD
Market Analysis:
The asset is exhibiting a clear downtrend, with price action consistently breaking lows while struggling to break any recent highs.
A significant demand zone is visible below, indicating a potential target area for a continuation of the current trend.
Recent price movements show a trap set for buyers at a resistance level, followed by a confirmed break of a minor support level, which has formed a strong bearish engulfing candle.
Trade Setup:
We will wait for a retracement to gain a favorable entry.
Entry confirmation will be taken on a lower time frame to ensure alignment with the trend.
Stop Loss (SL) will be set at the most recent swing high for controlled risk, while the Take Profit (TP) target aligns with the demand zone below.
For more in-depth trade logic and strategies, make sure to follow and drop a comment below!
The asset is exhibiting a clear downtrend, with price action consistently breaking lows while struggling to break any recent highs.
A significant demand zone is visible below, indicating a potential target area for a continuation of the current trend.
Recent price movements show a trap set for buyers at a resistance level, followed by a confirmed break of a minor support level, which has formed a strong bearish engulfing candle.
Trade Setup:
We will wait for a retracement to gain a favorable entry.
Entry confirmation will be taken on a lower time frame to ensure alignment with the trend.
Stop Loss (SL) will be set at the most recent swing high for controlled risk, while the Take Profit (TP) target aligns with the demand zone below.
For more in-depth trade logic and strategies, make sure to follow and drop a comment below!
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