$CADCHF Long-Term Op | $CAD $CHF $USD #forex

FX:CADCHF   Canadian Dollar/Swiss Franc
399 10 5
Predictive Model + Prop Pattern define following targets:


1 - TG-1 = 0.88109 - 27 NOV 2014

2 - TG-2 = 0.91489 - 27 NOV 2014


3 - TG-Hi = 0.96624 - 27 NOV 2014


1 - Bearish entrenchment range:
- 0.84951 to 0.87320


2 - Support at 0.83575

BACA < 0.81599
David Alcindor
Alias: 4xForecaster

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19 DEC 2014 - Quick Note:

Chart defends its 0.81599 bullish line - Bullish targets remain valid, ... so does chart's bullish forecast.

David Alcindor
+1 Reply
Hi David

Would you mind having a quick look to see if I have plotted the EW correctly? Thank you
+1 Reply
Hello @iefan - Here are a few simple rules to keep things clear to other traders:

1 - Be sure to always keep the letter/number immediately above/below the level you mean to define
2 - Consider the option of highlighting the 3-wave A-B-C that typically link Points 1 and 2, and Points 3 and 4.

Following the second rule above, you will see that points 2 or 4 do not necessarily need to be at the nadir of the correction's low, and it will definitely help keep the rationale of a wave confirmation going.

Besides the off-set points, looks like you got it.

Nice work!

David Alcindor
+1 Reply
kmk.msp 4xForecaster
IS this predictive model still valid because support 0.83575 indicated has taken away
extra 600pips down.... wtf?
+1 Reply
4xForecaster OlegPeshkoff
That's not meant to be a your stop-loss. Unless you can swing this type of account (institutional).

+1 Reply
What is BACA? Elliot? Then, can you update for us with BACA position marked chart?
+1 Reply
Break and close accross that spot.

Looks like a great setup after the weekly close over the bearish entrenchment lower line. I can see it going up to TG1 swiftly. (my target would be .8828 with a stop below .8480)
Hello alex.a - BACA was a term used by a group of traders in The Giraffe's Room (owner: Bubboo Bains) on Faceboot. BACA stands for (B)reaking (A)cross and (C)losing (A)cross, defining a particular price event across a defined level. Typically, this BACA concept would be used to signal a particular price action that would matter in terms of directional change.

In a BACA event, the trader receives a confirmation that an action needs to take place ONLY at the open of the NEXT bar/candle once a BACA has completed.

David Alcindor
+3 Reply
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