Using the triple trap strategy, these are opportunities I see for this pair. gold is also at top of the channel, keeping in mind that Gold may be on the verge of forming a butterfly pattern. looking for buys if it breaks the 50 SMA and trend line and looking for sells if it broke the zone and retests.
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)
