Week 2 Candle Stick Pattern Idea 4: XAUUSD
The XAUUSD chart is displaying a bullish trend, with an inverted bullish candle indicating a potential continuation of the upward movement. Here's a trade plan based on this observation:
Entry Point: 2294
Stop Loss: 2282
Take Profit Targets:
TP1: 2306 (Risk-Reward Ratio 1%)
TP2: 2318 (Risk-Reward Ratio 2%)
Considering a $10,000 trading account, the lot size for this trade is set at 8.33 to adhere to proper risk management principles.
Entry Point: 2294
Stop Loss: 2282
Take Profit Targets:
TP1: 2306 (Risk-Reward Ratio 1%)
TP2: 2318 (Risk-Reward Ratio 2%)
Considering a $10,000 trading account, the lot size for this trade is set at 8.33 to adhere to proper risk management principles.