XAUUSD Price movement prediction 27-10-2020

Using the triple trap strategy, these are opportunities I see for this pair. As Gold broke of the triangle pattern waiting for retest to the previous resistance for buys bcz there may be a possibility to complete butterfly pattern. And if the trend continues waiting for next zone breakout 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( either a channel, SNR or trendline)

Kommentera:

since it made no retest..no trade for me