ilmscore | Prediction Details
"I like to see momentum on my breakouts an objective way to qualify momentum is to use the atr indicator if we are above 16 pips which is what the atr is right now or above one times atr then that tells me that we have momentum"
By The Trading Channel (The Trading Channel) | October 13, 2020 | Pending
From video
How To Use The Average True Range For Beginners (MUST KNOW SECRETS) 00:11:25 - 00:11:42
Interpreted Prediction
For breakout strategies, a breakout candle should be at least 1x the ATR value to indicate sufficient momentum for the breakout to continue.

Prediction Details

Topic
Trading Strategy - Breakout Confirmation

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