NFP Gold Trade with Multiple Buy Entries Banked Profits

NFP Gold Trade with Multiple Buy Entries Banked Profits

A) We identified a consolidation zone before NFP news, we marked this area and let the news happen to avoid being trapped with fake movements.

B) Price heavily dropped based on release numbers.

C) Price dropped and test previous 1H demand around 1693 from 03 October, we also had the static level 1697 from SST AI, so we considered this level as entry.

D) After price broke the entry level, we entered in a long position at retest candle.

E) We marked 50% of the profit which was a psychological level for securing the trade. Once price reached this level, we closed 80% of our position and set our SL to BE.

F) Price reversed and hit the first trade at BE, since 1697 was a static level that placed above a higher time frame demand zone, we were watching the price to break this level again, after the price broke the entry level, we entered another long position with the same detail at retest candle.

G) Once price reached the psychological level, we closed 80% of our position and set our SL to BE.

H) We had a 2-winner position with a 20% runner, so when price reached below the consolidation box, we closed the whole trade and secure our profit.

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