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Recap March 2024

Summary of March 2024 Signals:

  1. Signal #23: 4-Mar-24

    • Trigger: Buy breakout at 2143
    • Entry Level: 2080 - 2143
    • Outcome: Achieved a profit of approximately 140 pips with a single entry, without the need for a recovery mode.
  2. Signal #24: 11-Mar-24

    • Trigger: Sell breakout at 2150
    • Entry Level: 2150-2189
    • Outcome: Initially triggered a sell breakout but hit the stop-loss at 2189. Entered recovery mode by buying double the lot size and closed at 2195, resulting in a total profit of 120 pips. At this moment gold reaching its all-time high at 2222.
  3. Signal #25: 18-Mar-24

    • Trigger: Buy breakout at 2164
    • Entry Level: 2146 - 2164
    • Outcome: Achieved a profit of approximately 120 pips with a single entry, without the need for a recovery mode. Total profit pips by holding this box is approx 500 pips or risk reward 1:3. This signal is considered a confirmation signal with a smaller box size.
  4. Signal #26: 25-Mar-24

    • Trigger: Buy breakout at 2200
    • Entry Level: 2163 - 2200
    • Outcome: By the time this summary is published, we closed some positions with a profit of 150 pips on the 2215 level. Meanwhile, we still keep some positions since we've just seen gold reach its all-time high at the 2222 level and expect more surprises in the following days.

Throughout March, traders encountered profitable results, navigating market reversals. Smaller box from confirmation signals worked seamlessly, resulting in more profitable trades following the market direction.

 


 

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