The XAU strategy I shared with you earlier has now taken profit successfully. At high-probability moments, I prefer taking the contrarian side rather than chasing the market’s emotions. $META On the one-hour chart, price is currently below the EMA50, and the EMA50 is below the EMA200. This setup should be familiar to everyone: the short-term trend is downward. The key level is the cluster of moving averages above. If price rebounds into that area without enough volume behind it, selling pressure will likely take over.
When reading the charts, we shouldn’t focus on a single candlestick—we need to look at which way the overall structure is leaning. My plan is to wait for a rebound into the short zone before entering, rather than chasing the decline. Of course, there’s a risk of a rebound, but until the structure breaks down, the bias remains to the downside.
🔴 Trade direction: Short
📍 Entry range: 721.18859 – 722.13705
🛑 Stop loss: 732.98034
🎯 Take profit 1: 713.17469
🎯 Take profit 2: 707.51592
🎯 Take profit 3: 699.02777
Still waters run deep, and foresight sees far; stay composed through the market’s ups and downs.
Join Sister Fei and navigate the tides of wealth.
#META
Click below to trade 👇
When reading the charts, we shouldn’t focus on a single candlestick—we need to look at which way the overall structure is leaning. My plan is to wait for a rebound into the short zone before entering, rather than chasing the decline. Of course, there’s a risk of a rebound, but until the structure breaks down, the bias remains to the downside.
🔴 Trade direction: Short
📍 Entry range: 721.18859 – 722.13705
🛑 Stop loss: 732.98034
🎯 Take profit 1: 713.17469
🎯 Take profit 2: 707.51592
🎯 Take profit 3: 699.02777
Still waters run deep, and foresight sees far; stay composed through the market’s ups and downs.
Join Sister Fei and navigate the tides of wealth.
#META
Click below to trade 👇