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Tripple_Trapping_FX
Sep 28, 2020 6:48 AM

GBPJPY Price movement prediction 28-09-2020 

British Pound/Japanese YenFXCM

Description

Using 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).
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