Using the triple trap strategy, these are opportunities I see for this pair. As Gold has neared the 50 SMA in daily we can find rejection, to the green 38.2, 61.8 lvls of CD leg of harmonic pattern. Also it has neared to top of the channel, waiting to see how price reacts.
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)
