Trades Idea for Wednesday 27 Mar 24

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 26 Mar 2024
Trade Idea 1
SELL LIMIT Order: $2183.90
Stop Loss: $2200.43
Take Profit 1: $2167.63
Take Profit 2: $2158.77

Trade Idea 2
SELL LIMIT Order: $2187.74
Stop Loss: $2200.43
Take Profit 1: $2167.63
Take Profit 2: $2158.77

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%

March Trade Results

P&L for the month: -2.90R

01 Mar: +1.35R
06 Mar: +1.35R
08 Mar: +1.35R
11 Mar: -1R
12 Mar no.1: -1R
12 Mar no.2: -1R
13 Mar no.1: -1R
13 Mar no.2: +0.5R
14 Mar no.1: -1R
14 Mar no.2: -1R
15 Mar no.1: -1R
15 Mar no.2: +1.65R
18 Mar no.1: +0.5
19 Mar no.1: -1R
19 Mar no.2: +0.5R
20 Mar no.1: -1R
20 Mar no.2: +1.65R
21 Mar no.1: +1.25R
25 Mar no.1: -1R
25 Mar no.2: -1R
26 Mar no.1: -1R
26 Mar no.2: -1R

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

Trade closed: stop reached:

hit stop loss for both trades. I will reevaluate my strategy and try again