ilmscore | Prediction Details
"for our first example we're looking at the aussie yen and i want you to tell me or leave a comment what am i looking for right now what do we have what is price done well according to our strategy we need price to be above the 50. is that rule met yes we need a swing high and we define that swing high as a high that then has two red candles those two red candles are the pullback so now we have a new swing high and a pullback all above our 50 period moving average what's the next thing we look for a swing low how do we find that a bounce out of price after we get that swing low which is by the way right here this is our swing low we want the market to come down test that area and then give a green candle and we want to try to capture the bottom of this pullback for the next move higher"
By The Trading Channel (The Trading Channel) | February 26, 2021 | Pending
From video
The Ultimate Swing Trading Guide For Beginners (ALL YOU NEED TO KNOW) 00:09:31 - 00:10:20
Interpreted Prediction
On the Aussie Yen, the strategy identified a trade setup where price was above the 50-period moving average, a new swing high was formed, followed by a pullback (at least two red candles), then a swing low, and finally a test of the swing low area with a subsequent green candle indicating an entry for a move higher.

Prediction Details

Topic
Trade Example (Aussie Yen)

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