Tripple_Trapping_FX

AUDUSD Price movement prediction 28-09-2020

FX:AUDUSD   Australian Dollar / U.S. Dollar
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 price respecting either one of the traps( a channel, SNR and a possible trendline)
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.