Trade of the Week: XAU/USD H1: 24-26th of August: +2.5% (+125 pips)
For more details and examples of trade, click "Examples of Trade" in the menu
On the 24th, on h4, the trend is slightly down, on H1 we have a wave 3 down and we expect a wave 5, we have a setup: a double level H1-H4 short and the SL is at 50 pips, The po is triggered with the news, and the price drops, we let it run (the wave 5 becomes a new wave 3) , we exit when the price has broken the box after the divergence for +125 pips (+2.5% profit). Good classical trade.
For more details and examples of trade, click "Examples of Trade" in the menu
On the 24th, on h4, the trend is slightly down, on H1 we have a wave 3 down and we expect a wave 5, we have a setup: a double level H1-H4 short and the SL is at 50 pips, The po is triggered with the news, and the price drops, we let it run (the wave 5 becomes a new wave 3) , we exit when the price has broken the box after the divergence for +125 pips (+2.5% profit). Good classical trade.
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