Using the triple trap strategy, these are possible setups of this pair. As Gold broke the zone and has been making higher highs and lows, also price is respecting the trendline and we can see trend continuation divergence, there is buying opportunity and may ride till the top of the channel.
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).
