4xForecaster
Short

$AUD v $NZD - Edu-Trade: Short @1.09405 | #aussie #kiwi #Forex

FX:AUDNZD   Australian Dollar / New Zealand Dollar
QUICK ANALYSIS - This is an educational trade ("Edu-Trade"), so do the due and cover your assets responsibly.



Entry at 1.09405 = "House-Cleaning" (Prop Pattern)

Stop-Loss at prior structural top = 1.13471

Targets based on Predictive/Forecasting Model:

1 - TG-1 = 1.05072 - 17 AUG 2015

2 - TG-Lo = 1.02807 - 17 AUG 2015

AND

3 - TG-Lox = 1.01341 - 17 AUG 2015.

Note that TG-1 has already been hit based on analysis released this summer (See link below: "$AUDNZD - LESSON: Geo             Roots ... ") for a detail of the analysis.

Note also that a prior analysis was released with a lower TG-Lo, which belonged to a different timeframe ... We will get that that one with some revision if and once price gets to the Watch Line ("WL") line.

Best,

David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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.
Comment: 17 NOV 2015 - Chart Update / Tech-Note:

Price draws out a potential Geo:



David Alcindor
Comment: ... ADDENDUM ... Here is how the Geo appears in the 4-hour chart:



David Alcindor
Comment: 17 NOV 2015 - Chart Update / Tech-Note:

A break below the 1-3 Line would open floor to a bearish momentum:



David Alcindor
Comment: 17 NOV 2015 - Chart Update / Tech-Note:

Price tests 1-3 Line ... Not BACA yet:



David Alcindor
Comment: 17 NOV 2015 - Chart Update:



David Alcindor
Comment: 19 NOV 2015 - Chart Update / Tech-Note:

As we are looking at a mechanism of descent, consider this potential geometry and R/S levels:



David Alcindor
Comment: 19 NOV 2015 - Chart Update / Tech-Note:

Price moved as forecast, hit upper range and receded ... Bearish:



David Alcindor
Comment: 19 NOV 2015 - Chart Update:



David Alcindor
Comment: 19 NOV 2015 - Chart Update / Tech-Note:

Prior target now acting as R/S level, as price fell per forecast ... Bearish:



David Alcindor
Comment: 08 JAN 2016 - Chart Update / Tech-Note:

As price continues to carve lower lows, here is a Wolfe Wave completion:


At this point, I would keep an eye on the H4 and daily timeframes, since lower targets remain unanswered.

David Alcindor
Comment: 19 JAN 2016 - Chart Update / Tech-Note:

Simple internal geometries - expressed as reciprocal ab = cd symmetries - are pointing to both bearish targets.



David Alcindor
Comment: 01 MAR 2016 - Chart Update / Tech-Note:

Watch for this potential development ... Point-4 is typically "loose", so use your technical tolls to discern any reversal signals:


Best,

David Alcindor
Hello David, hope you're doing well, Would you please review the possibilities of this formation? Thanks in advance.
Reply
ewpnx1 ewpnx1
+1 Reply
Yes, this is one on-going trade.

Very nice!

Make sure to use the 2-4 Line parallel off of Point-3 to determine the possible extent of price adverse excursion if it were to form Point-5' ("five prime").


David
Reply
ewpnx1 4xForecaster
Thanks for your comments David, I never knew before how to derive 5' prime. It will definitely help me in future anaylis. Thanks
Reply
Hi David,

Is below WW worth considering? Thanks as always!



Regards,
Sheng
+1 Reply
Hello @itsheng - Check out the new DAILY chart I just posted in the update section.

Remember that with the Wolfe Wave or Geo, Point-4 remains quite elusive.

David
+1 Reply
4xForecaster 4xForecaster
Watch for the 1.09250 as a probable level of resistance and reversal. If 1.09707 level is surpassed, then wait for a clearer sign of reversal.

David
+1 Reply
itsheng 4xForecaster
Much appreciated!
This is what's happening now.
Reply
Hi David. Any update on this pair?
Reply
Hi David. R u still in this trade? :)
+1 Reply
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