Using the triple trap strategy, these are possible setups of this pair. Currently gold is making higher highs and lows, and respecting the trendline. Now it broke through our trap and retesting the zone right at the golden zone of FIB if we see shift in momentum to bulls.. going with buyers. also keeping in mind the RSI divergence there is multiple confluences for sell if it breaks the trendline and retests it.
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)
