Technical analysis by Mr_Babz about Symbol PAXG: Buy recommendation (1/6/2025)
https://sahmeto.com/message/3139846
Mr_Babz
Rank: 12496
Analytical Power:
1.5

🔑 Key Trade Details:Entry Zone: 2638-2636 (15 Min Order Block)Stop Loss (SL): 2630 (Below structural low)Take Profit (TP): 2662 (1H Order Block)Risk-to-Reward Ratio (RR): 1:4📈 Market Structure:Clear W-pattern forming on the 15-minute timeframe.Price has tapped into a 15 Min OB with strong bullish intent.Anticipating a pullback followed by a continuation to the 1H OB zone at 2662.🎯 Trade Plan:Wait for price confirmation in the 2638-2636 zone.Monitor lower timeframes for bullish momentum before executing.Target the high at 2662 while maintaining strict risk management.💬 Thoughts:This setup offers a high RR opportunity (1:4) with clear structure and confluence zones supporting the bullish bias.Let me know your thoughts on this analysis! 🚀✨
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Signal Type: Buy
Time Frame:
15 minutesPrice at Publish Time:
$2,653.24