XAUUSD Price movement prediction 23-10-2020
Using the triple trap strategy, these are opportunities I see for this pair. Gold currently broke the 50 SMA in 4H and also it broke the zone waiting for retest and 50 SMA break in H1 for buys. If not waiting for lower zone to break and retest for sells.
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)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.