XAUUSD Example Long based on levels given
As you can see, a buy was executed on the break of the previous candles high after a low on the current candle was made. The idea here is to trim profits and move stops to break even at my levels, if position returns back to entry after being 5 or more pips positive then I will close part of the position and manage my risk accordingly.
If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
Note
Just as I was typing this, the trade hit my take profit lol. This was NOT taken on my live account, but was used as a follow up from my PREVIOUS post (you can see on my profile, will link below).
(if you look at the minute chart, you can see the duration of the trade was 4 minutes).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.