XAUUSD 30m Short: Setup with Strong Seller Presence

16 ต.ค.

I’ve initiated a short trade on XAUUSD at this level, observing that price is dropping swiftly. There is significant selling pressure in this price zone, especially on the futures market, which didn’t take out the high. Given the sensitivity of the price action, quick reactions are necessary, as we see how this trade develops from here.

Technical Analysis:
• The price has retraced and rejected from a key resistance zone, where sellers are currently dominant.
• Futures data reveals a strong selling interest at these levels, adding confidence to the short position.
• The trade setup aligns with momentum indicators, suggesting bearish continuation in the short term.
• Price did not clear the recent high in futures, creating a double top structure, which adds confluence for the downside move.

Risk Management:
• Stop Loss (SL): Positioned above the recent highs to minimize risk exposure in case of an unexpected reversal.
• Take Profit (TP): Targeting a reward zone based on the Fib retracement levels, where support could potentially hold. A 2:1 risk-to-reward ratio is maintained, ensuring a balanced approach to this trade.

Conclusion:
This setup requires swift action due to the sensitivity of the price action. We’ll monitor closely for further confirmation from the market. If the downward momentum holds, we expect this to be a profitable trade. Stay mindful of the risk, and adjust if necessary as price action unfolds.

Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.

16 ต.ค.

การซื้อขายยังคงดำเนินอยู่

Halfway through the trade, I’ve taken partial profits to minimize risk. With 8 minutes until the hourly candle closes, I’ll monitor closely to assess the volume and market sentiment before deciding on further management. Adjustments will depend on the type of volume that enters the market during this crucial period. Stay alert!

18 ต.ค.

ปิดการเทรด: ถึงเป้าหมายการตัดขาดทุน

Following the partials taken during the trade, the stop-loss at break-even (BE) was hit. The trade moved quickly, and I decided to exit as soon as the market signaled a buyer shift. This was a classic short-term scalp, where I aimed to capitalize on the rapid movement, expecting the trade to dip slightly lower due to significant selling pressure and large orders on the Bookmap.

The liquidity provided from these orders was strong, yet from that point, the market shifted upwards again. Overall, it was a well-managed trade with a strategic exit at the right time. In trading, it’s essential to pay yourself by securing profits when the market shows signs of reversal or uncertainty.

Good risk management and clear signals allowed me to avoid potential losses. Congratulations to those who took the trade and enjoyed the short-term profits! Stay alert for further opportunities.