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...
My rules for reversal- when you draw out fib(initial point-0, final point-100) i.e., from swing high to swing low, if the price closes above the 23.6 lvl, there is possibility of reversal, if the price breaks the corresponding resistance and retest it then reversal is confirmed. for additional confirmation you could see SMA 50, if you follow these rules, you will...
yesterday there was a good entry and holding the position now too. As we can see a trend continuation, bcz it broke the previous support and and retested it we can go for sell but could be a late entry.
