ilmscore | Prediction Details
"so now that you have an idea of what I would be looking for on the charts while trading the simple patterns we'll go ahead and go down to the charts of the euro dollar over the past couple of months and see what we can find all right guys so now I will take you through the euro dollar chart of the last few days and show you some trades that could have been taken based upon the rules that we created earlier in the video uh the first thing that I did was just scrolled back the chart to the first place I saw that we have come down and touched the 200 EMA which is here so once we've touched that 200 EMA according to my rules I'm waiting for a break above the 200 EMA see if we get it yes we do now I'm waiting for the creation of a high here's the creation of a resistance level and now according to my rules I'm waiting for a break above that resistance level little pull back here and still waiting on the break above we got it here and now we can start looking for some of those simple patterns a flag a pennant or a triangle pattern obviously here we have created new higher highs and here we have created a flag pattern our pole looking like this the resistance level being here for the flag pattern and our support levels being down here waiting for a break and close above we get it there"
By The Trading Channel (The Trading Channel) | May 3, 2016 | Pending
From video
(Trading Tutorial ) How to trade using simple patterns 00:06:47 - 00:08:15
Interpreted Prediction
A successful trade was executed on the Euro Dollar based on a flag pattern identified after a break above the 200 EMA and previous resistance, followed by a pullback and a subsequent breakout of the flag pattern.

Prediction Details

Topic
Euro Dollar Trading Example (Flag Pattern)

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