Risk_Reward_Trader
Short

Combining S/R with Elliott waves & Harmonic trading on XAUUSD

FX:XAUUSD   Gold Spot / U.S. Dollar
Hello fellow traders,

There is a nice short trade set-up forming on the Gold             market.

Price need to get on the 1100$ area to complete a nice Butterfly pattern .
This area is converging with a good resistance level also.
The Elliott waves analysis show that we could be anticipating a final wave 5 ending on the 1000$ area.

The Risk/Reward on this trade could be 15:1 but it will all depend on the price action within the PRZ area.

Have a good trade.

"Suppose that this trade would be a loser and act accordingly with proper Risk management"
Trade active: Sold @ 1100$

SL: 1107$
TP: 1010$

R/R: 12.8
Trade closed: stop reached: Stop-loss hit!
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