ilmscore | 383 pips on the GBPNZD - sticking to the PLAN pays off

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
The speaker identified a trading opportunity in Pound New Zealand using a 'pull back strategy'.
"you can see that here we have this pound New Zealand trade and this trade was taken using a strategy that we have in the training program called the pull back strategy"
Pound New Zealand
Pending
The speaker provided specific entry, stop, and target details for the Pound New Zealand trade and explained the reasoning behind its selection.
"we do have an entry stop and target for this trade so I said back over to the chart and discuss a little bit of analysis behind this trade and also discuss why we were interested in this as a trading opportunity"
Pound New Zealand
Pending
The speaker had a long bias on Pound New Zealand due to it breaking above a previous resistance level on the daily chart and sought a lower timeframe entry.
"this market here on the pound New Zealand came off of this base right down here pushed up after consolidating for a bit finally broke above this resistance level here continued higher we consolidated a little here and then another impulsive move up another impulsive move higher but this one after the close of this candle here broken closed above our previous level of resistance so that gave me a long bias on this specific pair I wanted to go long and I needed to find a way to go long on a lower timeframe"
Pound New Zealand
Pending
On the one-hour chart, Pound New Zealand showed a break of resistance, a pullback, a double bottom, and an upward move, presenting multiple trading pattern opportunities.
"Let's say the one-hour chart here we have this break of resistance here was our resistance level from that higher timeframe market then pulls back and puts in this nice double bottom heads higher you could also have traded this like some type of simple pattern"
Pound New Zealand
Pending