Tripple_Trapping_FX

Tripple_Trapping_FX

Using the triple trap strategy, these are possible setups of this pair. Currently AU is respecting trendline, just waiting for trendline or zone breakout and retest for sell trades. 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...

Tripple_Trapping_FX

Using the triple trap strategy, these are possible setups of this pair. USDCAD was trending for past few days, there is a possibility that UC may have entered consolidation Bcz( no higher high formed). we wait for price either to break resistance or if rejects strongly then scalping would be good option.

Tripple_Trapping_FX

Using the triple trap strategy, these are possible setups of this pair. It broke the trendline(trap) waiting for retest, also we can see it is above 50 SMA and in golden zone of fib(38.2-61.8) so we can scalp it to previous closing price that is near 88.6 FIB lvl. The triple trap strategy is trapping price between a channel, SNR and a possible trendline opposite...

Tripple_Trapping_FX

Using the triple trap strategy, these are possible setups of this pair. As the pair is consolidating there is no clear idea where it might go so we wait for break and retest of the zones. 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...

Tripple_Trapping_FX

Using the triple trap strategy, these are possible setups of this pair EU has been in down trend ( we can see it making lower lows nd highs). On Friday it broke the previous support, which tells the EU may drop, currently waiting for the retest to the zone and if we draw Fibonacci, we can see the previous support aligns with the 61.8 zone. this shows that it is a...

Tripple_Trapping_FX

My rules for reversal- when you draw out fib(initial point-0, final point-100) i.e., from swing high to swing low, if the price closes above the 23.6 lvl, there is possibility of reversal, if the price breaks the corresponding resistance and retest it then reversal is confirmed. for additional confirmation you could see SMA 50, if you follow these rules, you will...

Tripple_Trapping_FX

trend continuation in EU, broke the previous support and became resistance and at the lvl bearish candlestick pattern so gone for sell once again

Tripple_Trapping_FX

yesterday there was a good entry and holding the position now too. As we can see a trend continuation, bcz it broke the previous support and and retested it we can go for sell but could be a late entry.

Tripple_Trapping_FX

As predicted broke the zone and waiting for retest. You can use Fibonacci tool to identify the retest zone.

Tripple_Trapping_FX Updated 

By triple trapping strategy, If price respected the trendline it would be triangle pattern and shoot up if not it may consolidate between zones and may break down and retest ,then you may go short. Triple trapping strategy is trapping price between a channel, SNR, a possible trendline.

Tripple_Trapping_FX

As price broke the consolidation the momentum is down ward. Using triple trap strategy, i"ll ready have a position opened in EU right at the point of retest. now waiting for second entry.

Tripple_Trapping_FX Updated 

this is market prediction based on my technical analysis. This is for educational purpose not a trading advice.

Tripple_Trapping_FX Updated 

By triple trapping strategy, we can clearly see the the price action and possible setups for buy and sell...if not then we can scalp it in lower time frames if it rejects the zone or trendline

Tripple_Trapping_FX Updated 

As expected the price broke below the channel waiting for retest and if there is shift in momentum to bears looking for going short. if there is no retest and close inside the support that would be a false breakout and would probably go long.

Tripple_Trapping_FX Updated 

As we can clearly see it broke the previous support and formed a lower low...also seeing that the market currently has an upward momentum in higher timeframes. According to the situation these 3 are the high probability setups for me for this pair. 1) for buy- I will see the pennant broke and retest to the zone instead trading with 2nd touch. 2) for sell- i will...

Tripple_Trapping_FX Updated 

As the gold is consolidating there is no clear view on price movement. possible trading opportunity- scalping 1.if it respects the channel, we can scalp it in lower time frame from channel bottom to top and vice versa. 2.Wait for the price to continue in channel, if it rejects the resistance level and break the channel and pull back a little.

Tripple_Trapping_FX

As the gold is consolidating there is no clear view on price movement. scalping opportunity 1.if it respects the channel, we can scalp it in lower time frame from channel bottom to top and vice versa. 2.Wait for the price to reject the resistance level and break the channel.

Tripple_Trapping_FX

Going through higher timeframes, we can see that GA is currently pulling back, due to this we can see a minor uptrend in lower time frames. For entering a trade, I will wait for high probability setup like zone breakouts and retest. Also, the market is moving in a channel, we have a scalping opportunity, if market rejects the zone strongly. please leave comment...