XAU Trade IDEA 1:8 RR

Hey Traders, In this Trade Idea We have our 1 hour POI Marked up at the 1823.75 Level Where you can either set an alert or use a BUY LIMIT for entry

Stop loss is at 1820.95 for about 28 Pips and should be adjusted depending on your broker and spread,

First Take profit will be at 1833.5 for about 100 pips this will also be our Break even point

Second Take Profit Will be at 1846 for around 224 Pips and a total of a 1:8 risk to reward.

Happy trading =D

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Always remember to move your trade to break even when in profits, its better to be a break even trader than a losing trader.

Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions

Trade active:

CLOSED 1/2 Of my position here at 1825.88 want to mitigate my risk a bit going into the weekend,

Comment:

Also Side note, personally will be closing full position at TP1

Trade active:

On our next push up if we don't break the high at 1826 ill close the trade at BE

Trade closed manually:

closed the remainder of the position here at 1824, Not a fan of the Price action were seeing.

Comment:

That's the end of the trading week for me here, Managed the position accordingly upon seeing that the market didn't provide the Price action I wanted to see, Good to Realize where you might be wrong and Manage accordingly.