RESULTS: The price did indeed react in my Buy Limit zone, with a potential profit of +320 USD (only one position was opened). Unfortunately, while waiting too long for my TP, the price went back to the new liquidity zone, which was where my SL was. The lesson: always manage your trade, and don't expect the price to always reach your TP.
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NPC Money
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Bullishthe NFP that comes out negative (with a rising unemployment rate and wages far below forecasts) made gold react upward (our first Buy limit), but you especially shouldn't have gone into BUY immediately in the middle of the move. As I said in my last post, it came back down to take liquidity and go after the order block located around 4130 USD (which was our 2nd Buy limit). Then it resumed the upward move.
So now we have all the confirmation elements: RSI oversold (across all timeframes), price sitting on a really solid bullish OB (later I’ll talk about the elements that make it solid in my strategy), liquidity taken…… With that, the probability of an upward move toward our TP is high. Of course, we’ll wait for the market open at the end of this weekend, but in the meantime my position is already in progress with +140 USD, enough to stay optimistic.😉
NB: this is not investment advice; I’m only sharing my opinion and my trades.
#XAUSD #NFP #NPCMONEY @Binance Afrique
So now we have all the confirmation elements: RSI oversold (across all timeframes), price sitting on a really solid bullish OB (later I’ll talk about the elements that make it solid in my strategy), liquidity taken…… With that, the probability of an upward move toward our TP is high. Of course, we’ll wait for the market open at the end of this weekend, but in the meantime my position is already in progress with +140 USD, enough to stay optimistic.😉
NB: this is not investment advice; I’m only sharing my opinion and my trades.
#XAUSD #NFP #NPCMONEY @Binance Afrique
