This trade was taken during Pre NY volume. Entry was taken at the close of the Bearish 30m Candle. We saw that the next candle closed bullish which meant there was a high chance price would have continued to push up and this is where I managed my risk. I closed 50% of my overall trade to minimise my potential loss. I did this by using Magic Keys.
Once I closed half, I decided to let the trade play out. If it hit my SL then its no problem as I would of lost less than I was willing to lose. But the NY Session created great volume for the new year and Decided to push price in my favour. XAUUSD had also taken a huge hit and we caught a great trade there aswell.
The perfect start to 2022!
Once I closed half, I decided to let the trade play out. If it hit my SL then its no problem as I would of lost less than I was willing to lose. But the NY Session created great volume for the new year and Decided to push price in my favour. XAUUSD had also taken a huge hit and we caught a great trade there aswell.
The perfect start to 2022!