XAUUSD TRADE BREAKDOWN (23rd April 2024)

XAUUSD Trade breakdown

On the 15 Minute Timeframe, price action created a bullish Change of Character, resulting in a switch from bearish orderflow to bullish Orderflow.

I dropped to the 5 mintue timeframe and noticed that price retested the bullish Orderblock and broke past the candle that retested the 5 minute OB. That was my confirmation for buys.

Entered at 2312.33 and placed my SL at 2305 with and TP at 2330 where the 1 hour FVG ends as it provides clean movement for price to go all the way up.

I personally got out of this trade at 44 Pips, partials taken, SL to BE before the high impact news came about at 9:45pm GMT +8. Those who held to Full TP, congrats to all for smashing 180 Pips, bagging a full 1: 2.5 RR trade!