Trade 2: XAU/USD - Short - 8.2 RR Ratio

Longer Time Frame Analysis - 1hr
1. Clear bearish sentiment

Shorter Time Frame Anlaysis - 15min
1. AMD price action
2. Bearish Triangle
3. Engulfing bearish candle between 0.5 and 0.382

Shorter Time Frame Analysis - 5min
1. Shorter EMA cross under Longer EMA at the bearish triangle breakout

Entry:
1. BOS
2. Shorter EMA cross under Longer EMA
3. The candle next to breakout bearish candle closed below the price of breakout candle


Targets: Using Trend Based Fib Extension
T1: 2649.23
T2: 2636.50
T3: 2620.40

SL:
Above EMA cross under of 5 min time frame

*Please share your views and thoughts about the setup*