Trades Idea for Monday 18 Mar 24

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 18 Mar 2024

Trade Idea 1
SELL LIMIT Order: $2161.96
Stop Loss: $2168.92
Take Profit 1: $2155.25
Take Profit 2: $2150.47

Trade Idea 2
SELL LIMIT Order: $2166.10
Stop Loss: $2173.06
Take Profit 1: $2159.39
Take Profit 2: $2150.47

Risk per trade: 0.5%.

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 a SELL limit order at 38.20%, stop loss at 23.60% and take profit at 127.20% for trade no.1 and a SELL limit order at 61.80%, stop loss at 100% and take profit at 127.20% for trade no.2.

March Trade Results

P&L for the month: -1.95R

01 Mar: +1.35R
06 Mar: +1.35R
08 Mar: +1.35R
11 Mar: -1R
12 Mar no.1: -1R
12 Mar no.2: -1R
13 Mar no.1: -1R
13 Mar no.2: +0.5R
14 Mar no.1: -1R
14 Mar no.2: -1R
15 Mar no.1: -1R
15 Mar no.2: +0.5R & running

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