XAUUSD Price movement prediction 28-09-2020

Using the triple trap strategy, these are possible setups of this pair. As the gold started consolidating after the bearish move.

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).

הערה:

scalp trade-Take profit hit