Jese Leos
Graphic Designer, educator & CEO Flowbite
XAU/USD Trading Placement
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Time: 6:00 AM +7GMT
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Order Type: Buy Limit
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Entry Price: $1,993.96 (near recent support/resistance level for a potential bounce)
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Stop Loss: $1,988.00 (below recent swing low to limit risk)
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Take Profit: $2,000.00 (just below the recent swing high to capture potential upside)
GBP/USD Trading Placement
- Order Type: Buy Stop (anticipating an upward breakout)
- Entry Price: 1.2500 (just above the current consolidation pattern and upper Bollinger Band)
- Stop Loss: 1.2460 (below the moving average and the lower Bollinger Band)
- Take Profit: 1.2550 (near the recent high providing a favorable risk-reward ratio)
- Confidence Level: 65% (This reflects a moderate confidence level, considering the Bollinger Bands' indication of a potential breakout and the ATR suggesting relatively low volatility, which might reduce the likelihood of a false breakout.)
(WTI/Crude) Trading Placement
Order Type: Sell Limit
- Entry Price: $77.50 (just below the upper Bollinger Band indicating potential resistance)
- Stop Loss: $78.50 (above the upper Bollinger Band to allow for volatility)
- Take Profit: $75.00 (near the middle Bollinger Band or recent support levels)
- Confidence Interval: 55-65% (reflecting a cautious approach due to recent price volatility and potential resistance at the upper Bollinger Band)