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EURUSD Price movement prediction 5-10-2020Using the triple trap strategy, these are possible setups of this pair. As gold has entered consolidation recently but since the price is at the top of channel and if the price hits the zone 3 rd time there will be a triple top situation and could go for sell or if it broke the trendline and zone we have opportunity for sell too. 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)
Short
by Tripple_Trapping_FX
XAUUSD Price movement prediction 5-10-2020Using 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).
OANDA:XAUUSDLong
by Tripple_Trapping_FX
EURUSD Price movement prediction 2-10-2020Using 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).
by Tripple_Trapping_FX
2
XAUUSD Price movement prediction 2-10-2020Using the triple trap strategy, these are possible setups of this pair. Currently gold is making higher highs and lows, and respecting the trendline. Now it broke through our trap and retesting the zone right at the golden zone of FIB if we see shift in momentum to bulls.. going with buyers. also keeping in mind the RSI divergence there is multiple confluences for sell if it breaks the trendline and retests it. 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)
OANDA:XAUUSD
by Tripple_Trapping_FX
EURUSD Price movement prediction 29-09-2020Using the triple trap strategy, these are possible setups of this pair. As EU was falling lately here is the pullback we expected, and is at the golden zone of fib which aligns with strong resistance zone, and at the zone we can see small divergence which indicates a momentum with bulls is decreasing in strength and is currently good point to enter 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 price respecting either one of the traps( a channel, SNR and a possible trendline).
Short
by Tripple_Trapping_FX
GBPJPY Price movement prediction 28-09-2020Using the triple trap strategy, these are possible setups of this pair. Currently GJ is forming a flag pattern in higher time frames. waiting for the break of the zones and retest. 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).
by Tripple_Trapping_FX
AUDUSD Price movement prediction 28-09-2020Using 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 price respecting either one of the traps( a channel, SNR and a possible trendline)
by Tripple_Trapping_FX
NZDUSD Price movement prediction 28-09-2020Using 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 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).
by Tripple_Trapping_FX
2
GBPUSD Price movement prediction 28-09-2020Using 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 seeing the price respecting either one of the traps( a channel, SNR and a possible trendline).
by Tripple_Trapping_FX
1
EURUSD Price movement prediction 28-09-2020Using 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 high probability setup for sell. 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).
by Tripple_Trapping_FX
1
XAUUSD Price movement prediction 25-09-2020My 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 be noticing that price would be above the SMA and a possible head and shoulder pattern. Till then looking for sell.
OANDA:XAUUSD
by Tripple_Trapping_FX
EUR/USD SHORT OPPORTUNITY: MASSIVE PROFIT?Technical The price has touched the major resistance level just recently. Should the levels hit the 1.19 resistance level again we may possibly see a pullback to the downside. This also means a decent chunk of profits we can expect. Please wait for the price to retest and give us more information before actually shorting a position. Fundamental We have seen the recent low GDP, high unemployment, and COVID cases continue to rise in the States. Which also means the dollar will continue to weaken. Fundamentally it should be a long call. Do take note of its fundamental aspect. Do your own due diligence For more content follow me on TradingView
Short
by malcolmlai