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
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.
Join this telegram channel to see more ideas:
t.me/anputeam
Twitter account:
twitter.com/anputeam
t.me/anputeam
Twitter account:
twitter.com/anputeam
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.