Technical analysis by mohamadrezaKhorsand about Symbol PAXG: Buy recommendation (9/2/2024)
mohamadrezaKhorsand

🚀 Unicorn Strategy on the 1H and Daily Time Frame - Bullish Outlook 🚀In the 1h time frame, a Unicorn strategy pattern has formed, giving us a bullish perspective. I'm targeting an ideal buy zone below 50% of today's upward movement (Monday, September 2, 2024). I've identified two potential zones:1️⃣ Zone 1: Located below the London KillZone.2️⃣ Zone 2: Spotted within a 15-minute FVG.By applying standard deviation coefficients, I can better identify the probable target areas and subsequent reactions. 🧠🔔 Important to Note: The previous week's low has been breached, and there’s a high probability that the price will aim to reach the high of the previous week formed on August 28, 2024. However, we must consider another scenario: the price might start reversing from areas below the Weekly High (WH) due to a Hunt and Breaker Block pattern that has formed in the daily time frame. Since this pattern lacks an FVG, it's not a Unicorn. 🦄I've also identified another zone, marked in blue in the second image, which could be a potential sell zone for the Hunt and Breaker Block pattern on the daily time frame. 🔵🎯 Conclusion: In my view, a short-term buy opportunity exists, but the long-term strategy favors selling in the blue-marked zone. 💹Mohammadreza Khorsand@AtiProfit on Telegram🚀✨ Keep an eye on these levels and trade smart! ✨🚀