ilmscore | Prediction Details
"we have Trend happening below our 20 EMA we have our one two3 move right push down that's one that's two that's three we have a lower low we have a high that's lower than our previous high so we're in Trend to the downside we then have price pulling back up to an area value being this previous level of support that's likely to act as resistance in combination with the 20 EMA which happens to be the best moving average for the pound dollar and on top of all of that we get this shooting star candle this would be the area I would place the possible trade"
By The Trading Channel (The Trading Channel) | November 24, 2022 | Pending
From video
Moving Averages DO NOT WORK… Unless You Use These 3 Secrets To Unlock Their True Potential! 00:17:06 - 00:17:39
Interpreted Prediction
A bearish trade setup involves price trending below the 20 EMA, a 1-2-3 move confirming a lower low and lower high, price pulling back to a previous support level acting as resistance, aligning with the 20 EMA (best for GBP/USD), and a shooting star candle formation.

Prediction Details

Topic
Bearish Trade Setup

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