$XAUUSD - 1Hour Time Frame Possible Sell Setup

15 ביולי

XAUUSD - 1H Possible Sell Setup.

1H just broke bellow 2406 range and going to close bellow in 15M.

There is Clean Traffic to the left towards 2398 Support level.

Also in 15m LN Open is coming should bring in some volume.

I am looking for next 1H sells if the following conditions are met:
1.Current 1H closes bellow 2406.
2.Next 1H open with Top Wick around 2405-2406 level.
3.Taking flip or breaking previous 1H lows as sell (depends on how steep the top wick is).

Setup: Breakout (breakout bellow 2406 support).
Entry Setup: Previous 1H lows OR 1H Flip depends on how steep the Top wick is.
TP: 2398
SL: Previous 1H Highs.

15 ביולי

הערה

Did not entered yet, because, the entry setup is not confirmed yet.

Waiting for top wick around 2405-2406 levels before taking sells.

It could make us miss a trade but we will wait for a high possibility setup instead of taking the risk.

15 ביולי

הערה

Look like we could be mirroring the move from the left (07/12/24) - Still monitoring price action and looking for a high possibility sell setup.

It could be in the next 3H, I still believe we should tap 2398 before price will decide which direction to go.

15 ביולי

הפקודה בוטלה

Trade Canceled Since there was not a high probability Entry setup for sells.

We could catch 20pips since I posted the Idea.

But this is not how we trade, we will try to enter only high probability trades.

Cya All on next Idea!