Using 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).
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).
