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I'm providing a H-4 Xauusd technical analysis highlighting a Bearish Wedge pattern. Here's a breakdown of the chart elements:
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🔍 Key Chart Features:
1. Bearish Wedge:
The chart shows price action consolidating within a rising wedge.
This is typically a bearish reversal pattern, especially when it forms after an uptrend or in a channel.
A breakdown below the wedge is expected, indicating potential downside.
2. Strong Resistance:
Labeled at the top of a previous price peak.
This level has previously caused price rejections, confirming its significance.
3. Momentum Strategy (MomLE & MomSE):
Indicators showing Momentum Long Entry (MomLE) and Momentum Short Entry (MomSE).
These are probably generated by a custom momentum-based strategy.
4. Projected Price Targets:
Following a breakdown from the wedge, the chart outlines three bearish targets:
Target Label Price Level (Approx.)
Target 1 3286
Target 2 3250
Target 3 3165
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📉 Interpretation:
The setup suggests the price may break down from the wedge and follow a bearish path toward the listed targets.
Confirmation of this move would come from a break below the wedge’s lower trendline, ideally with high volume.
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⚠️ Trading Consideration:
Watch for confirmation before entering a short position.
Set appropriate stop-loss levels, possibly above the wedge resistance or recent highs.
Consider using additional indicators (like RSI, MACD, volume) to confirm the bearish setup.
I'm providing a H-4 Xauusd technical analysis highlighting a Bearish Wedge pattern. Here's a breakdown of the chart elements:
---
🔍 Key Chart Features:
1. Bearish Wedge:
The chart shows price action consolidating within a rising wedge.
This is typically a bearish reversal pattern, especially when it forms after an uptrend or in a channel.
A breakdown below the wedge is expected, indicating potential downside.
2. Strong Resistance:
Labeled at the top of a previous price peak.
This level has previously caused price rejections, confirming its significance.
3. Momentum Strategy (MomLE & MomSE):
Indicators showing Momentum Long Entry (MomLE) and Momentum Short Entry (MomSE).
These are probably generated by a custom momentum-based strategy.
4. Projected Price Targets:
Following a breakdown from the wedge, the chart outlines three bearish targets:
Target Label Price Level (Approx.)
Target 1 3286
Target 2 3250
Target 3 3165
---
📉 Interpretation:
The setup suggests the price may break down from the wedge and follow a bearish path toward the listed targets.
Confirmation of this move would come from a break below the wedge’s lower trendline, ideally with high volume.
---
⚠️ Trading Consideration:
Watch for confirmation before entering a short position.
Set appropriate stop-loss levels, possibly above the wedge resistance or recent highs.
Consider using additional indicators (like RSI, MACD, volume) to confirm the bearish setup.
Dagangan aktif
++350 pips running Hold on sell side
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FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
t.me/forexsupppar1
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
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.
JOIN FREE SIGNALS TELEGRAM
t.me/forexsupppar1
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
t.me/forexsupppar1
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
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.