July 25, 2025
Trade Overview (My setup)
– Direction: Short (SELL)
– Entry Price: $3,330
– Take-Profit: $3,270
– Stop-Loss: $3,370
– Lot Size: 0.18 lots (18 oz)
– Risk: $720
– Reward: $1,080
– Risk/Reward Ratio: 1.5 : 1
Technical Analysis Supporting the Bearish Bias
1. Price Structure & Trend
– Descending channel observed on the 4H chart – strong short-term bearish signal.
– Series of lower highs and lower lows confirms bearish trend.
– Price is testing $3,325-$3,300 support – breakdown opens downside to $3,270-$3,250.
2. Key Support/Resistance Zones
– Key support: $3,300 being tested.
– Resistance: $3,360-$3,370 zone – logical stop-loss location.
3. Indicator Confirmations
RSI (4H): ~35-40, bearish territory, no bullish divergence.
Moving Averages: Price below 50 EMA and 200 EMA – bearish crossover.
MACD: Bearish crossover, histogram confirms selling momentum.