ilmscore | Prediction Details
"chart here on the Euro New Zealand 4our chart we have a nice Cipher pattern set up coming in and I'll let you guys see if you can spot that here we have an impulsive move from X down to a that is a 382 retracement as you can see at least 382 that actually comes up to hit the 50% retracement but does not close above the 618 next we have to pull an extension of that same leg for the cipher pattern and if we pull that extension you can see that we do nip that 127 extension there and with that being the case I know I'm waiting on my third and final rule which is a 786 retracement from X down to C once I put that on I'll go ahead and draw out the pattern X to A A to B B to C CD retracement up here and another example of how combining this Cipher pattern with a higher time frame Confluence can really help the probability of this trade being a win as you can see we've just broke below a structure level here on the 4H hour chart and if I zoom out you'll see that we also broke and closed below this previous level here this previous major level of support So now that we've broke below those two levels what do we expect Well according to my analysis we expect Trend continuation which would be a pullback no higher than this previous structure resistance followed by a continuation of this downtrend and if we Zoom the chart out you can see there's really no structure looking left here on this 4H hour chart to stop the market from falling so that gives me a little bit of extra confidence in this trade again trading is not 100% no matter how many factors are coming together for a specific trade you will not have a 100% accuracy this trade could very well come up and blow right through my stop loss and start a new uptrend but it just gives you a little more accuracy to have a Confluence of a downtrend with an advanced pattern which I'm sure you've heard me say before if you've been a part of the trading channel for a while you know that I trade Advan patterns when they are with the trend such as this one here on the Euro New Zealand 4our chart"
By The Trading Channel (The Trading Channel) | February 1, 2017 | Pending
From video
Advanced Pattern Watchlist ( episode 2 ) 00:15:51 - 00:18:03
Interpreted Prediction
A Euro/New Zealand 4-hour Cipher pattern is set up, with the entry at the 786 retracement. The pattern is aligned with a downtrend, having broken below key support levels, increasing the probability of trend continuation. There is no significant structure to the left that would impede a further downtrend.

Prediction Details

Ticker
EURNZD

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