Technical analysis by wizzywise1 about Symbol PAXG: Sell recommendation (3/3/2025)

a comprehensive trading strategy.## **1. Market Structure Overview (Multi-Timeframe)**### **M30 (30-Minute Chart)**- **Equilibrium Zone (~$2,870 - $2,875)** is being tested.- **Previous Day Low (PDL) ~$2,825 is intact**.- **Minor bullish CHoCH (Change of Character) observed**, suggesting a possible retracement.### **H1 (1-Hour Chart)**- **Bearish Break of Structure (BOS) confirms continued downside bias**.- **Premium Zone (~$2,920 - $2,950) remains a strong resistance**.- **Retracement to equilibrium ($2,875 - $2,885) is likely before further downside**.### **H4 (4-Hour Chart)**- **Price rejected from the previous weak low (~$2,825)**.- **Liquidity grab occurred, but market remains bearish**.- **Potential retest of previous support at $2,885 - $2,900 before continuing down**.### **D1 (Daily Chart)**- **Strong BOS confirmed bearish sentiment**.- **Premium rejection zone ~$2,950 remains strong**.- **If price stays below $2,900, further downside to $2,800 - $2,780 is possible**.---## **2. Expected Scenarios & Probability**### **Scenario 1: Bearish Continuation (70% Probability)**- If price **rejects $2,880 - $2,885**, the downtrend is expected to continue.- **Target: $2,840 - $2,825**.- **Confirmation:** A bearish candlestick formation in the **$2,875 - $2,885 zone**.### **Scenario 2: Short-Term Bullish Retracement (30% Probability)**- If price holds above **$2,860**, a short-term retracement to **$2,900 - $2,920** may occur.- **Target: $2,900 - $2,920** before another decline.- **Confirmation:** A **bullish breakout above $2,875**.---## **3. Trading Plan**### **Sell Setup: (Primary Trade - 70% Probability)**- **Entry:** $2,875 - $2,885.- **SL:** $2,905 (Above resistance).- **TP1:** $2,850 (First liquidity level).- **TP2:** $2,840 (Weak low).- **TP3:** $2,825 (Major demand zone).- **Risk-Reward Ratio:** 1:4.### **Buy Setup: (Countertrend - 30% Probability)**- **Entry:** $2,860 - $2,865.- **SL:** $2,850 (Below weak low).- **TP1:** $2,880 (Short-term equilibrium).- **TP2:** $2,900 (Key supply zone).- **Risk-Reward Ratio:** 1:3.---## **4. Final Trade Execution Summary:**| Trade Type | Entry | Stop-Loss | Take-Profit 1 | Take-Profit 2 | Take-Profit 3 | R:R ||------------|------|-----------|---------------|---------------|---------------|-----|| **Sell Setup** | $2,875 - $2,885 | $2,905 | $2,850 | $2,840 | $2,825 | 1:4 || **Buy Setup** | $2,860 - $2,865 | $2,850 | $2,880 | $2,900 | - | 1:3 |---## **📌 Additional Execution Tips:**- **Use M5/M15 for precise entries.**- **Wait for confirmation candles before entering.**- **Avoid entering trades during high-impact news releases.**- **Risk per trade:** 1-2% of capital for optimal drawdown control.