Using the triple trap strategy, these are possible setups of this pair. Gold broke through the channel it previously respected and is below 50 SMA, and currently pulling back expecting to see a rejection on either the previous structure support or the golden zone of fib before continuing downside.
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline).
the triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite to channel. In this way we can predict the next movement of the price by seeing the price respecting either one of the traps( a channel, SNR and a possible trendline).
