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Tripple_Trapping_FX
Oct 15, 2020 3:45 AM

EURUSD Price movement prediction 15-10-2020 

Euro Fx/U.S. DollarFXCM

Description

Using the triple trap strategy, these are opportunities I see for this pair. Currently price is at top of the channel and been respecting the 4H trendline, buying opportunity- if price breaks through purple trendline and 50 SMA(need not wait for retest). Selling opportunity - if price breaks the 4H trendline and the zone 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).
Comments
Saeed966
thanks for sharing! this is what I see on EURUSD :
Tripple_Trapping_FX
your's looking very nice bro... I usually scalp so my TPs are near, but if it goes in my direction, I hold it.
Saeed966
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