ilmscore | Prediction Details
"now if i push the market forward what happens right there right here is our actual reason for entry so what price has done is pulled back to a previous support level that was just broken by price it's also pulled into the 200 ema which is drawn very well right there but it's also pulled in the 200 ema and what else has happened we also have a candle with a long wick to the top side and what does that tell us that tells us that selling pressure is coming into the market at least for this candle and it tells us that we have a higher likelihood of price going lower than higher"
By The Trading Channel (The Trading Channel) | April 1, 2022 | Pending
From video
The ONLY Beginner Trading Strategy YOU Will Ever Need... (BEGINNER TO EXPERT) 00:10:01 - 00:10:36
Interpreted Prediction
The entry signal for a bearish trade on Euro/Canada is confirmed by price pulling back to the broken support and the 200 EMA, accompanied by a candlestick pattern (long wick to the top) indicating selling pressure.

Prediction Details

Ticker
EURCAD

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.