XAU/USD ↘️ Short Trade setup ↘️

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"We are currently observing a rejection in the market, signaling the beginning of a downtrend. The lack of a breakout suggests that the trend is persisting. It's advisable to adjust the stop loss to the entry point at the price of 2000. Additionally, we have identified an old significant fair value gap candle at this level, indicating the potential for a rejection.

Our initial target is set at 1985, based on historical price action that indicates a previous rejection at this level, creating an order block. It's logical to anticipate another rejection from this point. Our second target is at 1940, corresponding to another order block from previous market behavior."

💲 Entry Point : 2029
✔️ Tp 1985
✔️ Tp 1940
🔴 SL 2065


Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market

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Trade active:

Trade active
Small account set the stop loss on 2050