ilmscore | Prediction Details
"here on the Eurodollar we have a great look at a swap level here we push up to a resistance level we push down to support we break through resistance what happens then we pull down resistance becomes support we then head a little higher we make higher highs we pull down that resistance level becomes support once more and then once that resistance level is broken through this is where it's really important to pay attention once we're broken through that swap level remember the swap we have a swap here we have this level less resistance pushing above and then as support pushing up once we have that swap we know that once we push below that level that's the level we're looking at to provide trained continuation once that we break below it so we've had that swap and then now that's what becomes our major level of possible trading or high probability zone we'll keep looking off on a couple more examples here on the Eurodollar of this as well here we have another example of a structure swap level if we look right here we have support pushing up to resistance we pull back down support here we push back up to resistance what is that well that's a level in the market that is swapped from support to resistance now that we know that level swapped from supported resistance we had lower we consolidate a bit but if we bring that line over once the market gets back up to that swap level after heading lower a bit we actually find a great amount of resistance there not only once but twice from this level as well and this is a good example of using that swap level as a possible training area or a high-probability zone in our trading"
By The Trading Channel (The Trading Channel) | February 14, 2019 | Pending
From video
3 PROFITABLE Support & Resistance STRATEGIES (Advanced Video...) 00:09:03 - 00:10:31
Interpreted Prediction
The Eurodollar presented a swap level where a prior resistance zone was broken and then acted as support. This level was retested, and then after further price action, it again acted as resistance. Another example showed a level that swapped from support to resistance, and upon retesting this swapped level, it acted as resistance again.

Prediction Details

Ticker
EURUSD

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