GOLD TP DONE 1ST NOV 2024
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Trade Recap: We observed price retrace to the 0.5 Fibonacci level, aligning with a minor order block on the 5-minute time frame. A strong bearish engulfing candle formed on both the 5-minute and 15-minute charts, signaling potential downside. The next candle in the 5-minute chart showed solid rejection, further confirming the entry.
With a setup yielding a 1:4 risk-to-reward (RR) ratio, we closed the trade early before reaching the take-profit level due to the impending close of the gold market.
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With a setup yielding a 1:4 risk-to-reward (RR) ratio, we closed the trade early before reaching the take-profit level due to the impending close of the gold market.
Hope you enjoyed this analysis! If you found this helpful, please like, comment, and follow for more trade setups, insights, and detailed market breakdowns. Happy trading!
Dagangan ditutup: sasaran tercapai
tp done
Penafian
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