Yaqoub-proThis chart shows a strategic approach to trading gold (XAU/USD) by setting multiple take-profit (TP) levels and a stop-loss (SL) to manage risk and maximize profit. The entry price is set at 2666.1575, with three predefined target profit levels: TP (1) at 2663.76, TP (2) at 2661.36, and TP (3) at 2658.96. Each TP level offers an exit point that secures incremental profits if the price moves in favor of the trade.
A stop-loss is positioned at 2668.56, limiting potential losses if the market moves against the trade. Additionally, a market session indicator shows which trading sessions are active, highlighting Sydney as active in this example, with trend and volume data for each session. This setup aims to provide a structured risk-reward strategy, allowing the trader to capture profits at different levels while maintaining a disciplined approach to loss management.