Tripple_Trapping_FX

XAUUSD Price movement prediction 28-09-2020

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Using the triple trap strategy, these are possible setups of this pair. As the gold started consolidating after the bearish move.

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).
Comment:
scalp trade-Take profit hit
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