ilmscore | Prediction Details
"here on the Eurodollar we have a great example of our TC SL that comes in way of a push-up then a pullback and then a break of wrist resistance level right here this was our one to three that we were looking for we didn't need another break of the highest resistance level and once we get that break of that highest resistance level this then becomes our zone that we are looking to trade in and that's exactly what we get is a pullback into that zone the market then finds support from that zone so at all times this is what we're looking for trending markets classified by a one two three move after we have our classified one two three we then look for a break of resistance once we get a break of resistance that resistance becomes support and vice versa for a downtrend let's see what you find a downtrend example here on the euro dollar it should not be that difficult alright so here looking from the far left edge of the screen starting at this swing high here you can see that we have a downtrend example of this we have a market that pushes down this would be our one impulsive move this right here would be our two pull back this would be our second impulsive move after that what are we looking for we're looking for the market to break and close below this lowest level of support so we get this pullback we get a break in close below that level of support then what do we know then we know that this is the zone we're looking to trade in as an optimal level of structure and this is exactly what we get we get the market pushing up into that zone and then continuing in trend to the downside"
By The Trading Channel (The Trading Channel) | February 14, 2019 | Pending
From video
3 PROFITABLE Support & Resistance STRATEGIES (Advanced Video...) 00:05:25 - 00:06:55
Interpreted Prediction
The Eurodollar previously exhibited a trend continuation structure level (TC SL) where a break of resistance created a support zone. This zone was then retested and provided support for further upward movement. A similar pattern was observed in a downtrend where a break of support created a resistance zone that was subsequently retested, leading to further downward movement.

Prediction Details

Ticker
EURUSD

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