fx_jax

Amazing Friday Sells on XAUUSD

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
  • Trade 1:

  • 4hr candles making consistent Lower lows.
  • Indicating no bullish pressure.
  • Waited for the 4hr candle to start and executed my first trade when the 30min candle started breaking the lows of the previous 30min candle.
  • With SL above the 30min wick high
  • Secured +40pips and closed the trade as we were approaching support on the 30min time frame (1788)


  • Trade 2:

  • Waited for the 30min candle to break and close below the 30min support (1787).
  • Resistance formed over the 30min timeframe.
  • Entered sells once the 30min broke the low of the previous 30min candle with SL above the current 30min candle high.
  • CLean traffic on the left till 1762.
  • Closed full position at +200 pips (when the NYSE open candle closed bullish).


  • Trade 3:

  • Added another position during my Pre-NY.
  • New resistance was formed during the downtrend.
  • Entered sells once the 30min broke the wick low of the previous 30min candle.
  • SL above the previous 30 min wick high.
  • Closed full position at +100 pips (when the NYSE open candle closed bullish).
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