4xForecaster

Update - Channel Interplay; Defining a Target #AUDUSD #AUD #USD

FX:AUDUSD   Australian Dollar / U.S. Dollar
222 0 6
Friends,

Earlier, we looked at the interplay of bearish and bullish channels. Once it became evident that price was abandoning its bearish channel by simply breaking out from its upper border, all eyes turned to this bullish channel .

Note that the smaller bearish lines keep price going at the some momentum as it did when it commanded a conversion of price between the former bearish channel and this current bullish channel .

These momental lines are in a way a "footprint" of short-lived, but significant price changes.

In this particular case, you are witnessing a Butterfly completion with a reactive decline maintained at the pace of that smaller momental channel. This alone should help the trader define a probable level of support, especially if corroborated with a Fib-defined level.

In the case of a Butterfly , look for a structural support at the level corresponding to Point-B or above, Point-B representing a tolerable low target. If this low-target scenario plays out, it would aim for the bottom of the dominant bullish channel .

This is one of the basic geometric             interplay one may consider using when attempting to peek into predictive analysis.

Cheers,

David Alcindor | 4xQuad.
Predictive Analysis & Forecasting

David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out