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Tripple_Trapping_FX
Oct 12, 2020 5:52 AM

EURUSD Price movement prediction 12-10-2020 Long

Euro Fx/U.S. DollarFXCM

Description

Using the triple trap strategy, these are opportunities I see for this pair. In daily, EU broke the 50 SMA and we can see lower time frames above 50 too, so good opportunity for buys, waiting for retest to the golden zone for buys, we also have another confluence of harmonic pattern that it may retest to golden zone. if it breaks the green zone downside, and retest looking for sells.


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)
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