Technical analysis by Mr_Babz about Symbol PAXG: Sell recommendation (12/27/2024)

Market Overview:External Range: Bearish (2651-2584)Internal Range: BullishKey Observations:Head & Shoulders Pattern Forming: Price is showing signs of retracing to the right shoulder around 2623.Liquidity Zones: Multiple 15-min Order Blocks and liquidity levels identified.Trade Plan:Short Entry: Around 2623 (Right Shoulder Zone)Stop Loss: Above 2628Take Profit: Targeting lower liquidity zones around 2604, 2598, and 2593Confirmation Signals to Watch:Bearish rejection at 2623Market structure shift on lower timeframes (5m/1m)Liquidity sweep above the shoulder zoneThis setup aligns with Smart Money Concepts (SMC) principles, focusing on key order blocks and liquidity zones.💬 Drop your thoughts below and follow for more trade ideas! 🚀📈 #SMC #TradingStrategy #Forex #OrderBlock #SmartMoneyConceptsTrade was successful, hit TP