Trades Idea for Friday 05 April 2024

DISCLAIMER
This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose.

Gold/USD (XAUUSD) Signal For 05 April 2024
Trade Idea 1
SELL LIMIT Order: $2292.69
Stop Loss: $2305.90
Take Profit 1: $2279.73
Take Profit 2: $2272.67

Trade Idea 2
SELL LIMIT Order: $2295.75
Stop Loss: $2305.90
Take Profit 1: $2279.73
Take Profit 2: $2272.67

Risk per trade: 0.5%.
MT4/5 trade expiration: Today

100% mechanical strategy, zero analysis, zero guesswork. Rise and repeat day in and day out.

Reason
The first-hour candlestick closes below 21 EMA, hence our bias is to SELL. We will place 2x SELL LIMIT orders at 50% and 38.20%, both stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%

Trade Review For 04 April 2024
Our first limit order was triggered during a period of high-impact news releases. This trade managed to reach Take Profit 1 before hitting stop loss at breakeven.

April 2024 Trade Results

P&L for the month: +1.75R

02 April no.1: +1.25R
04 April no.1: +0.5R

The year 2024 Trade Results
January: +2.6R
February: +3.35R
March: -2.90R

Trade geschlossen: Stop wurde erreicht:

Both trades end in loss...