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Now XAUUSD ranging in M5 Wait for break trendline and Close M5 above and below the trendline
From this week we will start trading at XAUUSD M5 timeframe and daily achived 20 to 30 pips
RISKREWARD 1:1 & 1:2
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Congratulations on achieving 70 pips! Setting your stop loss at breakeven is a prudent move to protect your profits. By moving your stop loss to breakeven, you ensure that even if the market reverses and hits your stop loss, you won't experience any losses on this trade.
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XAUUSD H4 ANALYSIS
β’ Currently Main Trend Buy
β’ Short Trend Buy
β’ Set Your Pending Order Sell Stop at price 1957
β’ Set Stoploss 1967
β’ Set Takeprofit 1947
β’ Risk/Reward Ratio 1:1
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ANALYSIS & EDUCATION
β’ Currently, XAUUSD is strongly selling pressure & ranging at 1946 area .
β’ The point is we want selling oppurtunity again below 1957 level.
β’ If price retest the level between 1954 to 1957 , wait for a retest and consider taking a sell position with target at 1943 to 1934.
β’ If there is a breakout above 1970, consider taking a buy position with target at 1980 to 1985
β’ Always set the stop-loss (SL) at the alternative entry area.
For example, if you take a sell position, set the stop-loss at 1964.
If you take a buy position, set the stop-loss at 1957.
Congratulations on hitting our target and achieving 140 pips! Setting your stop loss at breakeven is a prudent move to protect your profits. By moving your stop loss to breakeven, you ensure that even if the market reverses and hits your stop loss, you won't experience any losses on this trade.
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ANALYSIS & EDUCATION
β’ When the market is in a ranging phase, it is important to wait for a breakout.
β’ Currently, XAUUSD is ranging between 1957 and 1965.
β’ Wait for a breakout from this range.
β’ If there is a breakout above 1965 range, wait for a retest and consider taking a buy position with target at 1980.
β’ If there is a breakout below 1957, consider taking a sell position with target at 1943.
β’ Always set the stop-loss (SL) at the alternative entry area.
For example, if you take a buy position, set the stop-loss at 1957.
If you take a sell position, set the stop-loss at 1965.
We are helping to grow your capital free without any charge & teaching you the easy course in 2 month you are all aible to trade your own base.