ilmscore | Prediction Details
"but we also have option number two which is a little more conservative and that is to wait for the breakout because at test number three we don't really know if it's going to be a breakout remember what we're trying to take advantage of are these stop-loss orders right here so if we get in on number three right here if we get on on this trendline touch for the third time then we're not taking advantage of that because we don't even know if the mark is going to hit that yet so that that that's why it's an aggressive entry and that's why it's one of the most dangerous ways to enter a breakout trade but if you know what you're doing you can get a really good risk reward out of it and again go through the market test it figure it out for yourself but here the second way we can do this is waiting for a breakout of this resistance level right here so as we wait for this breakout once this breakout happens we can enter the market on the breakout of them label this e because now we're entering right here and I'll actually just delete all this because it could be getting confusing so let's go ahead and just draw out our ascending wedge pattern one more time one two three all right so the entry we're talking about now could be directly at the breakout stop-loss down here target up higher right maybe a better than one-to-one risk reward but with this being the case again right here's those stop losses what we're trying to do is take advantage of those stop-loss orders and the point is we haven't taken advantage of that directly after the breakout so this again aggressive not as aggressive as entering on number three here but still an aggressive way to enter the most conservative way to enter is on a pullback so after the markets already pushed up those stops all sorters have been taken out we see that the market is going to continue in trend if you know how to reach rent we see we've made higher highs than our previous high back here once we've made those higher highs waiting for this pullback back into this resistance level is one of the most conservative ways to enter this breakout type pattern and the most conservative way to enter a breakout on this ascending wedge we're talking about today"
By The Trading Channel (The Trading Channel) | July 13, 2018 | Pending
From video
The ULTIMATE beginners guide To Breakout PATTERN Trading 00:09:05 - 00:10:55
Interpreted Prediction
Presents a conservative entry strategy for ascending wedge patterns: wait for the breakout of the resistance level and then enter on a pullback to that level after stop-loss orders have been triggered.

Prediction Details

Ticker
USDJPY

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