#intraday_trading #XAUUSD is possibly bearish Opportunity: S | OctaFX Official

#intraday_trading

#XAUUSD is possibly bearish

Opportunity: SELL
Main pattern: Breakout, Pullback and Continuation
Explanation: The blue line represents a long-term trend and displays a bearish movement. The line is stronger than the orange one, which is a short-term trend. The technical pattern suggests a continuation of the long-term trend.
Order type: Market Sell
Risk-reward ratio: 1:1

Entry point: 1799.41
Stop Loss: 1805.38
Take Profit: 1793.74

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These trading ideas can only be applied to the intraday trading strategy and remain valid for 24 hours after publication. They are based on historical data and analysis and do not guarantee constant profit. You remain solely responsible for your decisions and the financial risks you take. In case your pending order is not executed within a single trading day, please, do not forget to cancel it.