ilmscore | Prediction Details
By The Trading Channel (The Trading Channel) | April 21, 2020 | Pending
Interpreted Prediction
A breakout trading strategy called the '2020 Strategy' involves using the 20 EMA on both daily and hourly charts. For a long trade, the market must be above the 20 EMA on the daily chart, with no candlesticks touching it. On the hourly chart, after an impulsive move up, there should be at least two pullback candles that do not touch the 20 EMA. The entry is triggered by a buy-stop order placed at the high of the previous swing high, with the condition that no candles touch the 20 EMA during the pullback and breakout.

Prediction Details

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.