4xForecaster

Nearing First Target; Eyeing Lofty TG-2 | $EUR $GBP $USD #Forex

Long
FX:EURGBP   Euro / British Pound
Friends,

Some of you may now know that I have progressively migrated from my formerly Facebook home to my new nest at TradingView. Another change that should be quite obvious, is that I will now reveal some of my on-going and future trading activity. However, I have stopped my lessons as I decided to concentrate on my own trading, so some of you will understand the occult jargon I let out, and some may not.

In this particular LONG position, which I opened on February 17th, 2014 @ 0.81624 (Great White prop pattern), I spotted a counter-trend opportunity based on price action (as opposed to my proprietary predictive analysis and forecasting strategy, which I used here to further ascertain the two main targets).

Resulting from that initial analysis are the following two targets:

1 - TG-1 - 0.83653 - 17 FEB 2014

and

2 - TG-2 = 0.84503 - 17 FEB 2014.

Just added today is a projected 0.382-Fib minimal relief retracement from current sustained impulse leg, corresponding to structural supports immediately to the left @ 0.82855.

More on the trade as it develops.

Cheers,

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


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

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