Trades Idea for Thursday 04 April 2024

4 Nis

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 04 April 2024
Trade Idea 1
BUY LIMIT Order: $2283.39
Stop Loss: $2265.26
Take Profit 1: $2301.27
Take Profit 2: $2311.00

Trade Idea 2
BUY LIMIT Order: $2279.17
Stop Loss: $2265.26
Take Profit 1: $2301.27
Take Profit 2: $2311.00

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 above 21 EMA, hence our bias is to BUY. We will place 2x BUY 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 03 April 2024
We almost triggered a limit order and could have profited at least +0.5R. Let's give it another shot tomorrow.


April 2024 Trade Results

P&L for the month: +1.25R

02 April no.1: +1.25R

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