Using the triple trap strategy, these are possible setups of this pair. As gold has entered consolidation recently but since the price is at the top of channel and if the price hits the zone 3 rd time there will be a triple top situation and could go for sell or if it broke the trendline and zone we have opportunity for sell too.
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)
