ilmscore | Prediction Details
"So, what we look for is a break and close above a previous resistance or support level. As you can see here, we get a break and close above this previous resistance level. And then all we do is go from the swing low down here to the swing high. And we would, in this case, with the market breaking above and going up, we would buy the 786 retracement, which is what we did. And we look for targets. Specifically me, I look for targets. You will have to test this yourself if you ever plan to trade it and figure out where the best place for targets is for you, but I look for targets back up at previous structure, which would be here. Normally, I would go with the bodies of these candles here, but I chose to go a little lower just to make sure I hit targets on this specific trade. Now with that there, let's check and see what our pip count was to targets. Around 84 or 85 pips."
By The Trading Channel (The Trading Channel) | January 12, 2016 | Pending
From video
Forex trading - 417 PIPs in one trading DAY! on a Monday! 00:14:36 - 00:15:44
Interpreted Prediction
A '786 strategy' trade on the Euro Pound, involving a break and close above resistance, buying the 786 retracement, and targeting previous structure, resulted in approximately 84-85 pips.

Prediction Details

Topic
Forex Trading - Pip Gains

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