Gold (XAUUSD)

Buy Zone and Sell Zone + Buy and Sell

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Buy Zone and Sell Zone + Buy and Sell:

Buy Zone: This is the price range where you look for opportunities to enter a long (buy) trade. It could be a specific support level or a range of prices where you anticipate a bullish move.

Sell Zone: This is the price range where you look for opportunities to enter a short (sell) trade. It could be a specific resistance level or a range of prices where you anticipate a bearish move.

Buy and Sell Signals:

Buy Signal: Look for a buy signal within the Buy Zone. Buy signals can be generated by technical indicators, candlestick patterns, or other trading strategies you may use.

Sell Signal: Look for a sell signal within the Sell Zone. Sell signals can also be generated by technical indicators, candlestick patterns, or other trading strategies.

Trading Time:

Asian Time: This refers to the time during the Asian trading session. It's important to consider that the Forex market operates 24 hours a day, so the Asian session corresponds to specific hours, typically between 12:00 AM and 8:00 AM GMT.

London Time: This refers to the time during the London trading session, which is generally from 8:00 AM to 4:00 PM GMT.

New York Time: This refers to the time during the New York trading session, which is generally from 1:00 PM to 9:00 PM GMT.

Stop Loss and Take Profit:

Asian & London Time Stop Loss: Set a stop-loss level of 30 pips for trades initiated during the Asian and London sessions. This is the maximum amount of loss you are willing to tolerate for these trades.

Asian & London Time Take Profit: Set a minimum target of 40 pips as your take-profit level for trades initiated during the Asian and London sessions.

New York Time Stop Loss: Set a stop-loss level of 30 pips for trades initiated during the New York session.

New York Time Take Profit: Set a minimum target of 70 pips as your take-profit level for trades initiated during the New York session.

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