4xForecaster

Early Reversal; Prelimin. Bearish Target | $AUD $NZD #RBA #Forex

FX:AUDNZD   Australian Dollar/New Zealand Dollar
192 0 0
Friends

A quick note here on a pattern vs. system conflict, where a Bullish Bat is eyeing 1.0543/1.05441 as a standard PRZ, versus a 105260 target generated through our system - caveat here is that our target is based on an EARLY bearish market reversal signal, which has YET to be confirmed.

Overall, pattern and system agree on a high probability target, with a minor difference in the target value.

Once a bearish market reversal confirmation occurs, we will validate that target accordingly. For the time being, 107471 should concern any bears if price was to BACA ("break above, close above") that level, and structural trader should take ( bearish ) heart if price was to break below 1.06413.

Typically, once target is reached, our position vanishes, but counter-trend trader might be interested in taking reversed positions with a minimal 0.500-Fib target as a potential relief rally, which aligns perfectly well with Point-B of the Bullish Bat.


OVERALL:

Directional bias is bearish , but indicator shall remain marked as "Neutral" until independent confirmation posts a bearish market reversal confirmation, at which point, indicator will shift to "Short".

Cheers,


David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting


PS: If you liked the analysis, feel free to give it a "Thumb Up" and pass of a friendly referral to friends interested in occult market mathematics and hidden geometries. All targets generated are defined by non-price means, and confirmed by either proprietary patterns (Euclid, Janus, Great White, Deep Shark), or other well known patterns. However, we concentrate mainly on Shark, 5-0 and occasional Bats, to complement our predictive analysis and forecasting - Cheers, David Alcindor.


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Disclaimer: Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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