Trade of the Week: XAU/USD H1: 24-26th of August: +2.5% (+125 pips)

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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.