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!
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out