Target Hit Dead On; TG-Lo = 1.00892 Remains Pending | $AUD $CAD
Traders,
As forecast on TradingView.com and signaled on my Twitter feed (alias: @4xForecaster), following is the link to the predictive analysis and forecasting:
-
In that analysis, I reviewed basic Elliott Waves and Wolfe Waves patterns, and how their synergistic interplay build a basis to rationalize a bearish entry. The targets released at the time were:
1 - TG-1 = 1.01173;
and
2 - TG-Lo = 1.00892
The data suggested a SL at structure HIGH = 1.01919
The Reward-to-Risk Ratio ("RRR") was defined and remains as 12:1 - So far, 68.8 pips was the max incursion recorded as price hit TG-1. At this point, a relief rally is expected to occur, but further decline remains the favored directional bias.
OVERALL:
As indicated in the chart and prior analysis, the sequence sought is TG-1, followed by TG-Lo, and finally a reversal to TG-Hi. A continuation of a decline past TG-Lo should annul any rallying aspiration towards TG-Hi.
More on this trade development as it occurs. Feel free to follow my on TradingView.com (under 4xForecaster) as well as on Twitter (under @4xForecaster).
Cheers,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-------------------------------
Twitter signals: @4xForecasting
Archives of signals: bit.ly/16JMnH8
-------------------------------
As forecast on TradingView.com and signaled on my Twitter feed (alias: @4xForecaster), following is the link to the predictive analysis and forecasting:
-
In that analysis, I reviewed basic Elliott Waves and Wolfe Waves patterns, and how their synergistic interplay build a basis to rationalize a bearish entry. The targets released at the time were:
1 - TG-1 = 1.01173;
and
2 - TG-Lo = 1.00892
The data suggested a SL at structure HIGH = 1.01919
The Reward-to-Risk Ratio ("RRR") was defined and remains as 12:1 - So far, 68.8 pips was the max incursion recorded as price hit TG-1. At this point, a relief rally is expected to occur, but further decline remains the favored directional bias.
OVERALL:
As indicated in the chart and prior analysis, the sequence sought is TG-1, followed by TG-Lo, and finally a reversal to TG-Hi. A continuation of a decline past TG-Lo should annul any rallying aspiration towards TG-Hi.
More on this trade development as it occurs. Feel free to follow my on TradingView.com (under 4xForecaster) as well as on Twitter (under @4xForecaster).
Cheers,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-------------------------------
Twitter signals: @4xForecasting
Archives of signals: bit.ly/16JMnH8
-------------------------------
