H4 Trendline maintained m30 trend broken awaiting 2nd confirmation on m30/m15. no entries placed until brake of trendline
H4 upward trendline drawn m30 anlayzed and BOS broken awaited 2nd confirmation of broken m30 retracement at 62.8%. entered at 38.2% retracement projected TP at -27% (tp 1) and -61.8% (tp2) which aligns with H4 support area
As you can see from the chart Gold is near daily resistance expectation is for it to consolidate then drop to the region of 1260.
LOSS -2 WINS - 8 RISK $2 PER TRADE (0.2 lot) SL 10 pips TP 20 pips 26th June 2018 - 19th July 2018 (22 days) INITIAL CAPITAL= $200 LOSS -$20 PROFIT +$320 TOTAL =$520 ROI= 160%
LOSS -1 WINS - 6 RISK $2 PER TRADE (0.2 lot) SL 10 pips TP 20 pips 3rd June 2018 - 14th June 2018 (11 days) INITIAL CAPITAL= $200 LOSS -$20 PROFIT +$120 TOTAL =$300 ROI= 50%
Pair Analysed is H1 Used following: Market structure and BOS Montlhly, weekly, daily and H4 timeframe S+R Supply and Demand Zones Fib retracement and ADX Also used Cross of EMA and SMA Month analysed was 30/06/2018 to 01/07/20180 (End June to 1st July 2018) Also note 20 pips tp. Would have collected 360 pips on that pair alone!