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.