Gold (XAU/USD) – 15 Min - Trade Plan📊 Overview:
Today's market shows a clear bearish structure with a Break of Structure (BOS) on the 1H timeframe, signaling potential downside momentum.
🔑 Key Levels:
Sell Zone: 1H Order Block around 2620-2625.
Take Profit (TP): 15 Min Order Block at 2604.
Stop Loss (SL): Above the 1H OB, ensuring a favorable risk-to-reward ratio.
📈 Plan:
I'm waiting for price to retrace back into the 1H Order Block (2620-2625), looking for bearish confirmation (e.g., rejection wicks, lower timeframe structure break). If confirmed, I’ll enter a short position targeting liquidity around 2604.
🛡️ Risk Management:
Minimum 1:2 Risk-to-Reward Ratio.
Entry confirmation required before executing the trade.
What are your thoughts on this setup? Are you seeing the same structure? 👇 Let me know!
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