XAU USD- Wave iv Selling Short

Main:

Opening Selling Point:1,256.63 $.

Target : 1,247.10 $ Wave iv.

Top/Indicator StopLoss :1,257.89$ $.

R/R Ratio: 7:56

-----------------------------------------------------------------------------------------------

It is a very short ride, cheap and relatively profitable, but not recommended to be reentered more than 2 times,
If market´s volatility throws you out.

..............................................................................................
Note:

The bottom at 1,204.69 $ probed to be strong to unleashed this ongoing Wave A or 1, the expectation for gold is to be higher in the current week at least. It means the upside down scenario for US dollar.

Comment:

I reopened it at almost the same margins.

I won`t do it again if the Sloss is reached once more.

Trade closed manually:

Closed at 1,251.76 $.

But it still can reached the target.

Comment:

Summary

Opening Selling Point :1,256.63 $.

Top/Indicator StopLoss :1,257.89$ $. Activated. = -1.26 $/Lot.

Reentered at 1,256.23 $
Closed Manually at 1,251.76 $ = 4.47 $ /Lot.
-------------------------------------------------------------------------------------------
3.21 $/lot

Leverage 10:1 32.10$/Lot
Leverage :100:1 320.10$ Lot

Short ride, low profit, but is inside expectations for wave ii, b, x, and for iv.

Trade closed: target reached:

Now let s ride the next wave.