Price has rejected a key supply/resistance zone during the London session, with additional confluence from the Volume Profile. I'm looking for sellers to remain in control and push price toward the next support area.
Trade Plan
Entry: Supply/resistance zone marked on the chart.
Stop Loss: Above the highlighted resistance zone.
Take Profit: Previous intraday support/liquidity area.
Risk-to-Reward: Approximately 1:2.15.
Trade Management
✅ Once price reaches 1:1 Risk-to-Reward, the Stop Loss will be moved to Breakeven (Entry) to secure the position and eliminate downside risk.
Analysis
Strong rejection from a key resistance area.
Volume Profile aligns with the selling zone.
Looking for bearish continuation toward the target.
Patience and disciplined risk management remain the priority.
Disclaimer: This analysis is for educational purposes only and is not financial advice. Always conduct your own analysis and manage your risk.
#XAUUSD #Gold #Forex #PriceAction #VolumeProfile #LondonSession #SupportResistance #TradingView #RiskManagement #DayTrading
Trade Plan
Entry: Supply/resistance zone marked on the chart.
Stop Loss: Above the highlighted resistance zone.
Take Profit: Previous intraday support/liquidity area.
Risk-to-Reward: Approximately 1:2.15.
Trade Management
✅ Once price reaches 1:1 Risk-to-Reward, the Stop Loss will be moved to Breakeven (Entry) to secure the position and eliminate downside risk.
Analysis
Strong rejection from a key resistance area.
Volume Profile aligns with the selling zone.
Looking for bearish continuation toward the target.
Patience and disciplined risk management remain the priority.
Disclaimer: This analysis is for educational purposes only and is not financial advice. Always conduct your own analysis and manage your risk.
#XAUUSD #Gold #Forex #PriceAction #VolumeProfile #LondonSession #SupportResistance #TradingView #RiskManagement #DayTrading
Transakcja zakończona: osiągnięto poziom stop
Trade Update: The trade successfully reached the 1:1 Risk-to-Reward milestone, and as planned, the Stop Loss was moved to Breakeven (Entry). Price later retraced and hit the breakeven stop, resulting in a risk-free trade (0R). Although the final target wasn't reached, disciplined trade management protected capital.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.