XAUUSD: Liquidity Grab at Ascending Resistance – Short Setup ?
Technical Analysis Breakdown
Resistance Zone: Price has touched the upper boundary of an ascending channel/trendline for the third time. This "triple tap" often leads to a corrective move as buy-side liquidity is swept.
Market Structure:
BOS (Break of Structure): Previous bullish breaks are noted, but the momentum is slowing down as we hit the resistance ceiling.
MSS (Market Structure Shift): We are looking for a definitive shift on lower timeframes to confirm the reversal.
The Setup: A clear rejection candle has formed at the top of the range. The gray highlighted box represents the Order Block / Supply Zone where sellers are likely stepping in.
Trade Strategy
Entry Zone: Current market price to the immediate resistance level (approx. 4,715 - 4,720).
Primary Target: The immediate swing low/support level (marked as TARGET on the chart) around the 4,690 area.
Stop Loss: A daily close above the recent wick high (Resistance line) would invalidate this bearish thesis.
Resistance Zone: Price has touched the upper boundary of an ascending channel/trendline for the third time. This "triple tap" often leads to a corrective move as buy-side liquidity is swept.
Market Structure:
BOS (Break of Structure): Previous bullish breaks are noted, but the momentum is slowing down as we hit the resistance ceiling.
MSS (Market Structure Shift): We are looking for a definitive shift on lower timeframes to confirm the reversal.
The Setup: A clear rejection candle has formed at the top of the range. The gray highlighted box represents the Order Block / Supply Zone where sellers are likely stepping in.
Trade Strategy
Entry Zone: Current market price to the immediate resistance level (approx. 4,715 - 4,720).
Primary Target: The immediate swing low/support level (marked as TARGET on the chart) around the 4,690 area.
Stop Loss: A daily close above the recent wick high (Resistance line) would invalidate this bearish thesis.
Trade ist aktiv
📊 Professional Forex & Gold Analyst | Trading pure price action and high-probability market structure. Daily 4–5 quality trade setups with disciplined risk management. Join: t.me/+NJDp2aIM3QphYWNk| Contact: @fx_martin9
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📊 Professional Forex & Gold Analyst | Trading pure price action and high-probability market structure. Daily 4–5 quality trade setups with disciplined risk management. Join: t.me/+NJDp2aIM3QphYWNk| Contact: @fx_martin9
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.