OIL Oil sell now from 67.400 SL at 68.100 Tp 1 at 66.500 Tp 2 at 65.800 This is the setup for Oil and it is what I prefer to trade with but wait and let's see what are next moves. This is not a financial advice, trade at your own risk.
XAUUSD Successful trading is not just about making high profits; it is about effective risk management and a well-structured strategy. A professional trader is one who carefully analyzes stop-loss, take-profit, and support/resistance levels, ensuring informed decision-making based on market trends.
For consistent success in trading, it is crucial to rely on data-driven decision-making rather than emotions while maintaining a balanced risk-reward ratio. Trading without a solid strategy turns into mere speculation, whereas trading based on strong risk management and technical analysis increases the likelihood of long-term success.