DETAILS
TP: N/A
SL: N/A
INITIAL THOUGHTS
1h, 4h and Daily are in a downtrend. Price crossed below the 50 MA for 1h at 5:00 AM. My intention was to scalp for a bit at an ideal time when Gold moves swiftly.
UPDATE
Hit a high of -$650. Still had faith because of the visible downtrend.
REFLECTION
Trade was successful (+$245) Soon as I saw approx +$200, I closed the trade manually.
TradingView PaperTrading
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-05 06:56:36 | XAUUSD | sell | $1801.14 | short |
2022-07-05 07:01:37 | XAUUSD | buy | $1800.90 | 0 |
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