ilmscore | Prediction Details
"so I got involved in on that candle and what I'm going to do now is take you to a higher time frame which is going to be the daily chart and then back down to an even lower time frame on the one hour and show you some of the other forms of confirmation I used in order to give me the confidence to take this trade first we'll go out to the Daily and if we delete some of the drawings we have here you'll see it may be a good idea to take these off again I'm sorry guys or make them smaller there we go so if you remember in the beginning of the video I told you that I was going to tell you how I connected a few different things in order to get involved in this trade and one of those things was a simple Candlestick formation that Candlestick formation being an engulfing candle here on the daily chart so as you can see we came down from our news event gap down the next day and then pulled back with two green candles a couple of days of relief from this big bearish move and then we had an engulfing bearish Candle on the daily chart so that gave me a little more confirmation and upon this engulfing Day is when on the 4-Hour chart we broke through our simple pattern flag"
By The Trading Channel (The Trading Channel) | July 6, 2016 | Pending
From video
How i trade the news ( Live trades ) 00:02:52 - 00:04:23
Interpreted Prediction
Entered a Pound Dollar trade based on a daily chart engulfing bearish candle, combined with a flag pattern breakout on the 4-hour chart.

Prediction Details

Ticker
GBPUSD

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