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In this Breakout Strategy Setup, I awaited the NY opening which led to the expected pullback in the opposite direction. So I awaited the first bar close in the "right" direction and took the trade with a tight stop and a RR of 1:3.

In hingsight, I may could have achieved more but I'm happy with the result and the profits achieved. 🙂

The strategy used for this XAUUSD trade was the Breakout Strategy we explained here in all details -> https://www.mql5.com/en/blogs/post/754377

It's no rocket science and everyone can follow these simple rules. So get FX Power and give it a try. 🙂
⚠️ Stein Investments Morning Briefing ⚠️

Good morning traders,

Today a bit earlier, and a bit shorter than usual due to an appointment.

Here's our Market overview after today's Asian session

EUR -neutral, unclear
GBP - strong SELL, with short-term SELL dynamic
CHF - neutral with light SELL dynamic

USD - medium SELL without dynamic
XAU - light BUY without dynamic
JPY - medium SELL, without dynamic

AUD - medium BUY without dynamic
NZD - strong BUY with short-term BUY dynamic
CAD - neutral with light BUY dynamic

It seems the market becomes quieter upfront of the festive season.
So it might be better to remain on the sideline until volume and volatility is coming back.

All the best and happy trading
Daniel
A customer chart is worth a thousand words, and this trade is truly outstanding. 💪

Successful customers are the best and most valuable compliment for us because it independently confirms the added value of our tools. 👍

If you like to know more about what we have to offer for your trading success, have a look at our new Stein Investments Welcome Page at https://www.mql5.com/en/blogs/post/755375
Here's another user chart trading the Dog Walk / Easy Scalping Strategy with IX Power on S&P500 successfully.

If you like to know more about these strategies, have a look at our new Stein Investments Welcome Page at https://www.mql5.com/en/blogs/post/755375
⚠️ Stein Investments Morning Briefing ⚠️

Good morning traders,

This will be our last Morning Briefing for this year. We'll continue with our daily market analysis in January 2024.

So here's our overview after the first hour of the London Session

EUR - light SELL without dynamic
GBP - strong SELL, with short-term SELL dynamic
CHF - light BUY without dynamic

USD - neutral, unclear
XAU - light BUY without dynamic
JPY - neutral, unclear

AUD - light BUY without dynamic
NZD - neutral, unclear
CAD - neutral, unclear

As you can see, there is almost no dynamic in the market. We will close our last long-term positions, and then we're done for this year.
As said above, we're back in the first week of January 2024, and meanwhile you can benefit from our XMAS discounts we'll publish later today.

All the best and see you soon
Daniel & Alain
2023 was a challenging year, with many new ideas and projects. Thanks to our indomitable determination, we managed to grow further and reach a whole new level of quality.

We would like to thank our Stein Investments community from the bottom of our hearts for their wonderful support and look forward to a great 2024.

Take the opportunity to switch to MT5 or complete your indicator collection at http://tinyurl.com/SteinInvest-XMAS-2023

Every purchase, every review, every recommendation helps us to invest in new ideas and technologies, which we will then make available to you in the usual Stein Investments quality.

All the best and happy holidays
Daniel & Alain
Welcome new subscribers,

This link library gives you a first orientation and helps you find the right information quickly.
We'll constantly update this page, so please bookmark it and return regularly to get the latest news and updates.

https://www.mql5.com/en/blogs/post/755375
We'll keep our X-MAS Deals offer until New Year's Eve.

So, enjoy your free days with the families, and buy whenever you're ready to do so. 🙂

Complete your indicator collection at http://tinyurl.com/SteinInvest-XMAS-2023
Our SIEA Pro NG market launch promo discount ends on New Year's Eve!

‼️ This is the last chance to get the unlimited licence for $799‼️

Time to get yourself a copy of at the best possible price.

SIEA Pro NG is available for
MT5 at https://www.mql5.com/en/market/product/108226
MT4 at https://www.mql5.com/en/market/product/108227
⚠️ Stein Investments Morning Briefing ⚠️

Good morning and Happy New Year to all 902 subscribers of this channel 🥳

This is the first Morning Briefing of 2024, and we're happy to be back at work.

So here's our overview after the first hour of the London Session

FX Power NG Currency Strength Analysis

EUR - medium SELL without dynamic
GBP - light BUY, without dynamic
CHF - neutral, with short-term SELL dynamic

USD - neutral, unclear
XAU - medium BUY, without dynamic
JPY - neutral, with short-term SELL dynamic

AUD - light BUY without dynamic
NZD - medium SELL without dynamic
CAD - neutral, unclear

IX Power universal strength analysis

DAX40 - strong BUY with BUY dynamic
WTI - medium SELL with short-term BUY dynamic
BTCUSD - strong BUY with BUY dynamic

Due to the public holidays, the long-term 1W trends are only of limited significance.
We recommend waiting for the first two trading days of the new year to see which way things are heading.

All the best, and have a great start into 2024
Daniel & Alain
Today's Trading session provided us with two wonderful opportunities on EURUSD and GBPUSD.

The strategy used was our Breakout strategy, and you'll find more details about it at “Chapter 3 - Proven Trading Strategies” at our Stein Investments Welcome Page -> https://www.mql5.com/en/blogs/post/755375

Get yourself the right trading tools, and start trading like a PRO.