EURUSD Price movement prediction 2-10-2020
Using the triple trap strategy, these are possible setups of this pair. Right now the EU is on top of the channel and EU has been forming higher highs and Lows and has respected the trendline. Also keeping in mind that this could be a beginning of consolidation. High probability entry would be these two bcz there are divergences in RSI indicating both trend continuation and reversal.
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.