Trades Idea for Thursday 25 April 2024

25 באפר׳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) Ideas For 25 April 2024

SELL LIMIT Order: $2327.62
Stop Loss: $2337.64
Take Profit 1: $2317.85
Take Profit 2: $2304.86

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 1x SELL LIMIT orders at 38.20%, both stop loss at 0%, take profit 1 at 100% and take profit 2 at 127.20%

Trade Review For 24 April
The price did not retrace far enough to our limit order. Let's try again tomorrow.

April 2024 Trade Results

P&L for the month: -8.75R

02 April no.1: +1.25R
04 April no.1: +0.5R
05 April no.1: -1R
05 April no.2: -1R
10 April no.1: -1R
10 April no.2: -1R
11 April no.1: -1R
11 April no.2: -1R
12 April no.1: -1R
12 April no.2: -1R
15 April no.2: 1.5R
17 April no.1: -1R
17 April no.2: -1R
18 April no.1: -1R
18 April no.2: -1R

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