ilmscore | Prediction Details
"I believe if we break in close above this previous structure level here on that for our candle that it's quite possible for us to make it all the way up to this zone this is just where I think the market has a possibility to reverse so we'll head back down to the hourly chart and what we're going to do is wait for the close of that for our candle in the next 52 minutes and then check back in the market see if it closed above if it did we'll start looking for trading opportunities if the market pulls back into this little zone and also if we do close above that high on the 4-hour chart this actually meets all of my rules for the 786 strategy so what I will be doing if we do close above that is just taking a Fibonacci retracement from our previous swing low here up to our swing high and I will be buying up with limit order the 786 with targets wherever this market ends we could go a bit higher so for now we'll say targets here and stops down below our previous swing low"
By The Trading Channel (The Trading Channel) | March 31, 2016 | Pending
From video
Tutorial: how to do Morning analysis in the forex market ( 3/31/16 ) 00:03:58 - 00:05:55
Interpreted Prediction
If EURUSD closes above the previous structure high on the 4-hour chart, a long position will be entered using a 786 Fibonacci retracement strategy, with targets set for potential upside and stops below the previous swing low.

Prediction Details

Topic
EURUSD

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.