I'm recommending a buy for XAU/USD at $2440, with a stop-loss set at $2430 and a take-profit target of $2460 to achieve a 1:2 risk-reward ratio. The 15-minute chart shows a short-term upward trend with solid support at $2440 and resistance around $2450. Volume spikes on upward moves indicate strong buying interest. This trade is supported by the broader bullish...
Entry: Consider entering a long position around $60,400 - $60,500 if price action shows a bullish pattern (e.g., bullish engulfing candle. Exit: Target the resistance level of $60,800 - $61,000 for taking profit. Set a stop-loss below the recent support at $60,200 to manage risk. Note: This is meant for educational purpose only
To enter a long position in EUR-USD, consider doing so around the 1.0885-1.0890 range, which aligns with the recent breakout level on the 15-minute chart. This entry should be confirmed by bullish candlestick patterns such as a hammer or an engulfing pattern, accompanied by volume spikes. For the exit strategy, set your target at 1.09210 To manage risk, use a...