ilmscore | Prediction Details
"here we have our swing low looking left right here we have a breakout candle of that swing low right here what do we need to check for next next we need to know is this breakout candle between 1 & 2 ATR of this candle this candle has an ATR of 91 pips so we need to measure this candle from high to low from high to low on our entry candle we have a 110 pip candle that means this candle is between 1 & 2 ADR because it needs to be more than 90 and less than 180 so therefore we would be buying this breakout candle looking at it as a possible false breakout that would look something like this the buy trade being at the close of that breakout candle like so the ATR that candles 91 so we would have 91 plus 31 which will be at 122 pips stop-loss that did not get stopped out target again in this case was a 1 to 1 but as you can see potential for much greater targets"
By The Trading Channel (The Trading Channel) | April 8, 2020 | Pending
From video
Master The ATR Indicator (Most Useful Indicator On The PLANET!) 00:20:00 - 00:21:11
Interpreted Prediction
A specific example of the false breakout strategy on USD/CAD shows a trade where the breakout candle was 110 pips (between 1x and 2x the ATR of 91 pips). With a 1:1 target, it resulted in a win and demonstrated potential for larger targets.

Prediction Details

Topic
False Breakout Strategy Performance

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