Shared by
Ninjon
INITIAL THOUGHTS
Two days ago daily candle showed strong selling pressure. Yesterday's candle showed selling pressure but not as much. Today's price shows a green candle that is almost about to pass yesterdays high and also has a longish bottom wick indicating buying pressure. 1h MACD and RSI in an uptrend. 4h is just catching up to the momentum.
REFLECTION
Closed this trade manually. 4 minute trade. Hit a low of -$80 at one point but then just shot up to +$230. There's possibly more strength behind the move but I closed it manually for a quick 3-figure win.
Seems there was actually no more strength behind the move and I most likely caught the high for the day. This day is going to end in a spinning top (indecision).
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-29 08:26:31 | XAUUSD | buy | $1828.20 | long |
| 2022-06-29 08:31:13 | XAUUSD | sell | $1830.60 | 0 |
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