Using the triple trap strategy, these are possible setups of this pair. As EU was falling lately here is the pullback we expected, and is at the golden zone of fib which aligns with strong resistance zone, and at the zone we can see small divergence which indicates a momentum with bulls is decreasing in strength and is currently good point to enter sell trades.
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).
