A attainable Bearish setup on XAUUSD for OANDA:XAUUSD by Tidypips

Explore key highlights within the DeFi area. This article dives into: “A possible Bearish setup on XAUUSD for OANDA:XAUUSD by Tidypips”.

XAUUSD Breakout Analysis: Bearish Setup

Strategy Overview:
Accumulation zone breakout with confirmed quantity, indicators potential draw back momentum.

Technical Setup:
– Accumulation Lower Channel: 3296.28

– Entry Strategy: Sell order at Accumulation Lower Channel [Retest]
– Stop Loss: Above Resistance

– **Target Zones:**
– Target 1: 3290.66 (Risk/Reward: 1:2)
– Target 2: 3287.73 (Risk/Reward: 1:3)
– Target 3: 3284.96 (Risk/Reward: 1:4)

**Key Confirmations:**
Rejection candlestick patterns
Bearish/Bullish Reversal patterns
Impulsive strikes away from setups POI

**Risk Management:**
– Exit: Partial income at targets
– Trailing cease [Break even after Target 1 hit and/or Trailing stop after Target 1 hit]

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