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shanetrades1
Feb 28, 2024 7:54 PM

Gold - 27th February  Long

Gold/U.S. DollarFXCM

Description

Post trade analysis -

Price retested and rejected most recent high / mot recent supply pre news

News release negative for US - Typically causing bull run in gold

Would have entered on the bullish engulfing candle at the pivot point.

Possibly piped out on spread .Price suggesting retest of most recent low/ most recent demand

1.Close at break even
2.Modify r:r with stops below most recent lows./DCA at most recent low
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