ilmscore | Prediction Details
"so if we scroll the chart down here you can see that trade and do you notice anything familiar compared to what we just discussed about this specific trading opportunity well of course you probably do we have a market that was pushing up right we're waiting for overextended markets this market was pushing up what do you see right here on the RSI we have an overbought RSI so now we know that the markets pushing up we're overextended after pushing up meaning we're primed for a reversal we get to a major level of structure now we're at this major level structure we're already overextended what are we looking for next next we're looking for those consistent rules of a double top in this case double bottoms what we discussed earlier consistent rules of a double top that we just discussed do we get that here yes we do and again there were other key components that went into this specific trading opportunity that we use in the EAP training program but all of the things we just discussed were key components and creating success in this trade as well and as you can see currently this trade up a little over a hundred pips right now"
By The Trading Channel (The Trading Channel) | July 30, 2018 | Pending
From video
Ultimate Beginners Guide: To Price Action Patterns (Must See) 00:10:32 - 00:11:35
Interpreted Prediction
The USD/JPY trade was successful due to a combination of an overextended market (overbought RSI), reaching a major structure level, and applying consistent rules for a double top/bottom pattern, resulting in over 100 pips profit.

Prediction Details

Ticker
USDJPY

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