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📉 Midweek Recap – XAUUSD (M30)
Period Reviewed: Monday to Wednesday
Current Price: 3365.55
🔎 Market Summary
Monday–Tuesday:
Price showed a strong bullish momentum early in the week, breaking above 3318 and surging past the 3346-3366 zone, forming a short-term uptrend with higher highs and lows.
Current Situation (Wed):
Price now hovering around 3365, showing rejection and possible loss of bullish steam.
Structure is flattening out with small red candles forming near resistance. A potential pullback or consolidation may occur before further direction
🔻 Sell Setup (If correction confirms):
Sell Stop: 3345.00
Target: 3318.00 – 3295.00
SL: 3367.00
Watch for breakdown below minor support near 3346.
🎓 Mini Lesson: How to Avoid Revenge Trading
Revenge trading happens when you try to recover losses emotionally by placing impulsive trades. It’s dangerous and usually results in deeper losses.
🚫 Avoid it by:
1. Setting a Daily Loss Limit – Stop trading after 2–3 losses.
2. Stepping Away After Losses – Cool off, take a break, breathe.
3. Sticking to Your Plan – Don’t force trades that don’t meet your setup.
4. Using a Trading Journal – Track why you placed trades to spot emotional patterns.
Remember: Discipline beats emotion every time.