ilmscore | Prediction Details
"so if you wait to see what the market does after the news then you can start to create a strategy based on that so for instance let's say we waited on this big bullish reaction here from the news event well after that big bullish reaction you could start to create a strategy based around periods of consolidation or flag patterns so we see that we have a big bullish reaction from a news event after we have that big bullish reaction we can say okay now we're waiting for the breakout of a flag pattern we draw in a flag pattern here and there's our breakout so in this instance that would have been a successful strategy or at least a successful trade and that's one of the strategies that you can go through and test since having that free resource over at the Forex Factory you can have head over there and check out a news event find a red flag news event wait for the reaction from that news event and by the way guys right now we're on a 15minute chart this is applicable on any time frame you can wait on that reaction from the news event and then after that wait for a period of consolidation and a breakout"
By The Trading Channel (The Trading Channel) | January 27, 2017 | Pending
From video
How to create a news based trading strategy ( Free Strategy ) 00:04:07 - 00:05:17
Interpreted Prediction
After a news event causes a significant bullish reaction in USD/CAD, traders can create a strategy by waiting for consolidation or flag patterns and then trading the breakout. This strategy can be applied on any timeframe.

Prediction Details

Topic
Dollar Canada Trading Strategy

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