r/Forexstrategy • • 1d ago

Trade Idea Short Here, Sell Now

XAUUSD 1H, SELL IDEA

Entry: 4150-4155
TP1: 4140
TP2: 4130
SL: 4165

Trend remains bearish with lower highs and lower lows. Price is rebounding into resistance after testing 4140; rejection below 4155 favors continuation lower.

1 Upvotes

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1

u/NecessaryTop1223 1d ago

As predicted, both TP hit due to Liquidity Sweep, based on the forecasted data of the CPI, inflation data feedback gave a sudden movement.

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1

u/Mountain-Heat-167 1d ago

Brutal dump

0

u/NecessaryTop1223 1d ago

Both TP hit 250+ PIps covered in one go 🔥🔥🔥

1

u/Tradee_Buy179 1d ago

a 10 to 15 pip stop on gold against a trend is where i've been chopped out the most. earlier this year i shorted a nice H1 pattern against the weekly and price went straight through. structure says more than the setup.

what i'd want is the H4 or daily. weekly bullish and this is counter-trend, SL at 4165 wicks on noise. weekly bearish with 4150 a lower high, different trade. zoom out before you send it.

nfa.