Here we have our 3 Moving Averages inside the candlestick, with the Ichimoku convergence line crossing the base line, all while RSI goes from below 50 to over 50. This shows a bullish short-term trend since we are on the hourly chart. Personally opened a buy position at 1738.7, trade duration: 7-8 hours max.
TP1: 1744 TP2: 1749.8 SL: 1734.85
This is my own analysis, please do share your insights.
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TP 1 hit. Closed 75% of position, keeping only 25% running as market is volatile.
Trade closed: target reached
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TP1 hit, 75% of position closed with 547 pips. Now SL hit, 25% of position, 385 pips. • Overall 314 pips profit.
Trade closed: target reached
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XAUUSD did touch the TP2 price in just 5 hours as anticipated, however we had our SL hit earlier. Happy with this trade.