ilmscore | Prediction Details
"and for our last pair of the day we're going to look at the New Zealand Yen 60-minute chart now here's another example of a trade that if you are an advanced pattern Trader you need to have your eye on let's go ahead and draw on our impulse leg so you guys can take a guess at what this pattern is going to be there's our impulsive move we take a measurement from that impulsive move X down to a you can see we get a 38 82 retracement quite easily now if we take an extension from X to a and back up you can see that we get that 127 without closing below 1414 so that meets the second rule of the cipher pattern now that we know we have those rules met what are we waiting on that 786 retracement as our entry so drawing that pattern on it looks a little something like this and a really cool thing about this specific pattern here on New Zealand yend is that it's ending right at this red line you see and this red line indicates a daily level of resistance so when you can combine these Advanced patterns with higher time frame Confluence such as resistance and support levels it can make for some really accurate ways to trade now that in no way means that this specific pattern is actually going to win it just increases the probability so here's another one that I will have my AE on throughout the rest of the day"
By The Trading Channel (The Trading Channel) | February 1, 2017 | Pending
From video
Advanced Pattern Watchlist ( episode 2 ) 00:10:37 - 00:11:50
Interpreted Prediction
A New Zealand/Yen 60-minute chart Cipher pattern is being watched for entry at the 786 retracement. The pattern's completion coincides with a daily resistance level, which is expected to increase the probability of a successful trade.

Prediction Details

Ticker
NZDJPY

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