ilmscore | Prediction Details
"all right guys so here on the Euro Aussie 1 hour chart we have another good example of an advanced pattern and what I'm going to do is let you see if you can spot this pattern before I draw it in this Advanced pattern is called a cipher pattern so let's take a look at some of our ratios here for the cipher pattern if we pull from an impulsive move here x down to a and let me change the color of that to make it easier to see if we pull from that move what we're looking for is a to B retracement this first retracement here to be at least 382 but not close above the 618 retracement so let's see if we get that first pulling our retracement down as you can see we get a 50% retracement here without closing above 618 so our first condition is met and I'm just going to go ahead and remove this FIB for you guys next we're looking for an extension of that same move so we go from our X down to our a with an extension tool and we pull back up to X and as you can see we're looking for that 127 extension to be touched without closing below the 1414 extension do we get that rule met yes we do so now that those two conditions are met I know the last thing I'm looking for is a 786 retracement from X all the way down to C and once I get that 786 retracement that is my entry for the way I trade this Advanced pattern so if we draw that in with our triangle tool that pattern looks something like this and as you can see we've already been filled on this specific order so our Target and stop- loss would look something like this for the Target I take a Fibonacci retracement from C up to D if I bring on the short position tool my target is going to be at 382 retracement and my stop loss is going to be above of X so we have something like a one to one risk reward here on this specific trade and I'll keep you guys updated throughout the video to let you know how this trade plays out if I don't upload the video before this trade either gets stopped out or hits targets"
By The Trading Channel (The Trading Channel) | February 1, 2017 | Pending
From video
Advanced Pattern Watchlist ( episode 2 ) 00:04:42 - 00:06:44
Interpreted Prediction
A Euro/Aussie hourly chart Cipher pattern was identified with an entry at the 786 retracement. Targets were set at the 382 retracement with a stop loss above X, offering a 1:1 risk-reward ratio.

Prediction Details

Ticker
EURAUD

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