Hello traders. Taking a look atthe 4 hour chart and my previous marked analysis, I waited to get out of my no trade zone. I took a Buy entry at 2338.62.. My SL is 2329 and my take profit is 2350 area. Let's see how it plays out. I am a few pips in profit as of this writing.. Saying that, if we dip down some more, I will close the trade with a few pips and get in lower. As long as we do not break and close below 2338 on a 4 hour, I am of bullish mindset. US dollar is trash, just a matter of time before gold and every other store of value go up. Big G gets all my thanks.
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Closed it out before the drop. New BUY Entry at 2332.20 I am using a tight SL and a micro lot size to minimize risk.. I can always add another position when and if we flip bullish at 2340.
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Wow, what a push down to take out a good portiona of leveraged long positions. I took a fast scalp sell and caught a few pips, re entered with a Buy from 2329.07. This is my last and final trade for the day/ week. Looking for a push up otherwise I will close this out. Profit secured, SL at my entry point and a runner is running. Good day overall. Happy Friday. 55 pips in profit as of this writing.
Pip Whisperer