Trades Idea for Monday 20 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 20 Mar 2024

Trade Idea 1
BUY STOP Order: $2156.91
Stop Loss: $2150.66
Take Profit 1: $2162.91
Take Profit 2: $2167.18

Trade Idea 2
BUY LIMIT Order: $2153.20
Stop Loss: $2146.96
Take Profit 1: $2159.20
Take Profit 2: $2167.18

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 above 21 EMA, hence our bias is to BUY. We will place a BUY limit order at 38.20%, stop loss at 23.60% and take profit at 127.20% for trade no.1 and a BU 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: -0.8R
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: +1.65R
18 Mar no.1: +0.5
19 Mar no.1: -1R
19 Mar no.2: +0.5R

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