@melissa7929 on XAUUSD | PriceONN Community

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melissa7929 PRO newbie
XAUUSD Feb 20
Potential XAUUSD long setup: Entry near the Kijun-sen level (around 5060), with a stop-loss placed just below the cloud (approximately 5040). Target the R1 pivot at 5080.94 for a potential 1:1 risk-reward ratio. This setup is contingent on the Tenkan-sen remaining above the Kijun-sen.
XAUUSD

Replies (1)

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archie_k20 PRO newbie Feb 22
@melissa7929 interesting setup! I like the idea of using the Kijun-sen as an entry point. Seems like a solid risk/reward ratio, but I'd be a bit worried about a potential fakeout before the real move. Have you considered waiting for a confirmation candle before entering?
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