DETAILS
TP: N/A
SL: N/A
INITIAL THOUGHTS
Last daily candle ended as a green dragonfly doji after a downtrend. Also, the 4 previous days had somewhat tall top wicks, indicating lots of buyers even though the candles ended red. Price passed above the 50 MA at 6:00 PM. Monthly and Weekly are in an uptrend for the 50 MA. Daily is starting to curve down. Maybe the weekly and monthly haven't caught up yet.
UPDATE
07/03/2022 9:30 PM -$3000. Not looking great but I think it will go up. I still have faith.
REFLECTION
Trade was successful. Closed it manually for +$990.
22:15 (5 minutes later) it hit a high of 1814 which would have brought my earnings to $5,600. I think for next time, I will set a TP at half of the previous candles body. That would have brought my earnings to $4,300.
TradingView PaperTrading.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-03 20:44:48 | XAUUSD | buy | $1808.63 | long |
2022-07-03 22:10:38 | XAUUSD | sell | $1809.62 | 0 |
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