This is a GOLD (XAU/USD) chart from TradingView.
• The market was falling earlier, shown by the blue down-trendline.
• Price broke above the trendline, then pulled back.
• You marked a red zone (support area) where price previously reacted.
• Price came back into this support zone and bounced slightly.
• A buy setup is drawn:
• Entry around 4152
• Stop-loss (SL) around 4139
• Take-profit (TP) much higher (large green box on the top) 4175
• The market was falling earlier, shown by the blue down-trendline.
• Price broke above the trendline, then pulled back.
• You marked a red zone (support area) where price previously reacted.
• Price came back into this support zone and bounced slightly.
• A buy setup is drawn:
• Entry around 4152
• Stop-loss (SL) around 4139
• Take-profit (TP) much higher (large green box on the top) 4175
Trade active
Active Trade closed: target reached
target has been hit successfully 🔥
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.