This chart shows a gold trading setup (CFDs on Gold - US$/OZ) on a 30-minute timeframe. Here’s a quick breakdown:
Trend Direction: Strong uptrend with a series of higher highs and higher lows.
Entry Point: The second green arrow indicates a breakout confirmation after a small pullback, suggesting a buy entry.
Stop Loss: Set just below the breakout level (in red zone) to limit potential losses.
Take Profit: Target is marked in the green box above, projecting the move upward based on previous price action.
Risk-Reward Ratio: Favorable — the green (reward) zone is larger than the red (risk) zone.
The pattern looks like a bullish flag breakout, suggesting continuation of the prior upward momentum.
Are you trading this setup or just analyzing it?
Trend Direction: Strong uptrend with a series of higher highs and higher lows.
Entry Point: The second green arrow indicates a breakout confirmation after a small pullback, suggesting a buy entry.
Stop Loss: Set just below the breakout level (in red zone) to limit potential losses.
Take Profit: Target is marked in the green box above, projecting the move upward based on previous price action.
Risk-Reward Ratio: Favorable — the green (reward) zone is larger than the red (risk) zone.
The pattern looks like a bullish flag breakout, suggesting continuation of the prior upward momentum.
Are you trading this setup or just analyzing it?
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.