$XAUT is trading near a pressure area where weak bounces often get sold quickly.
$XAUT is stuck below resistance, and that keeps sellers slightly in control.
Setup SHORT $XAUT (max 10x)
๐ฏ Entry: 4273 - 4325
๐ SL: 4305
โ TP1: 4231
โ TP2: 4171
โ TP3: 4111
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Would you fade the bounce on $XAUT , or wait for the breakdown?
$XAUT is close to a squeeze-or-fade area, which keeps the setup very active.
$XAUT is still trading below local resistance, which keeps the setup fragile.
Setup SHORT $XAUT (max 10x)
๐ฏ Entry: 4275 - 4326
๐ SL: 4305
โ TP1: 4232
โ TP2: 4172
โ TP3: 4112
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Would you fade the bounce on $XAUT , or wait for the breakdown?