Trade 2: XAU/USD - T1 Hit, SL about to Hit
Things that might have gone wrong technically:
1. While T1 of 2649.23 has been hit (0.57% from entry), most of it can be attributed to the confirmations like
- Flag and Triangle breakout
- 5 min timeframe, EMA cross under along with price closing below the low of the breakout candle, and also breaking the Shorter HMA
- 15 min timeframe, Medium HMA was above the Shorter HMA - indicating a bearish sentiment
2. There is a FVG on the higher time frame, for which the price might be retracing to.
3. Anticipation of higher targets, without confluence on higher time frames indicators or correction in higher time frame breakout
1. While T1 of 2649.23 has been hit (0.57% from entry), most of it can be attributed to the confirmations like
- Flag and Triangle breakout
- 5 min timeframe, EMA cross under along with price closing below the low of the breakout candle, and also breaking the Shorter HMA
- 15 min timeframe, Medium HMA was above the Shorter HMA - indicating a bearish sentiment
2. There is a FVG on the higher time frame, for which the price might be retracing to.
3. Anticipation of higher targets, without confluence on higher time frames indicators or correction in higher time frame breakout
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.