๐ด $XAU โ SHORT SETUP
Timeframe: 4H
Bias: Bearish ๐
The 4H structure is still making lower highs and lower lows. Price is currently around 4,111, below the 4,150 resistance area.
Short Setup:
๐ป Entry: 4,150 โ 4,160 (prefer a retest + rejection)
๐ Stop Loss: 4,203
๐ฏ TP1: 4,080
๐ฏ TP2: 4,000
๐ฏ TP3: 3,840
โ ๏ธ Important: Since price is already around 4,111, I would not chase the short here. The cleaner setup is waiting for price to return toward 4,150โ4,160 and show rejection. A strong 4H close above 4,203 would invalidate this bearish setup.
Risk management: Keep the position size small and risk only a fixed percentage of your account.
#BinanceSquareFamily #Crypto_Jobs๐ฏ #XAU
Timeframe: 4H
Bias: Bearish ๐
The 4H structure is still making lower highs and lower lows. Price is currently around 4,111, below the 4,150 resistance area.
Short Setup:
๐ป Entry: 4,150 โ 4,160 (prefer a retest + rejection)
๐ Stop Loss: 4,203
๐ฏ TP1: 4,080
๐ฏ TP2: 4,000
๐ฏ TP3: 3,840
โ ๏ธ Important: Since price is already around 4,111, I would not chase the short here. The cleaner setup is waiting for price to return toward 4,150โ4,160 and show rejection. A strong 4H close above 4,203 would invalidate this bearish setup.
Risk management: Keep the position size small and risk only a fixed percentage of your account.
#BinanceSquareFamily #Crypto_Jobs๐ฏ #XAU