ilmscore | Prediction Details
"So, we've got our previous structure level here. And what I like to do when I have a pullback into a previous structure level and I don't really have a good place for stops is I look for some Fibonacci confluence. So, I'll take a Fibonacci retracement from my swing low here to the swing high and see if we get anything against this previous structure level. As you can see, we do have a 382 retracement coming in at that previous structure level. And as we all know, the 382 retracement sometimes can act as strong support or resistance. Since we have that 382 coming in at a strong level of resistance already. And if we look back on the daily chart, that is an actually a significant level of structure. Market hitting it three different times here. One, two, three. And we also have our Fibonacci confluence there. So I do believe that this would be a good zone for a long opportunity."
By The Trading Channel (The Trading Channel) | April 1, 2016 | Pending
From video
My best Forex Training yet ( Morning analysis day 2 ) 4/1/16 00:19:11 - 00:20:07
Interpreted Prediction
A potential long opportunity is identified for the New Zealand Dollar in a zone where a previous structure level coincides with a 382 Fibonacci retracement, which has historically acted as significant support/resistance.

Prediction Details

Ticker
NZD=X

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