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GWaves
Apr 26, 2017 12:10 AM

$EURUSD | Bullish Targets Defined | Predictive/Forecasting Model 

Euro Fx/U.S. DollarFXCM

Description

Hello Traders,

There is a lot of action going on right now around Euro because of the French elections. Taking a purely technical look at EURUSD, the Predictive/Forecasting model has defined the following BULLISH targets.

Very High Probability - 1.10444
High Probability - 1.11140
Low/Medium Probability - 1.12039

Highlighted in faint grey is a background geometry that I'd pay attention to through the corner of my eye. However, it has not posed any significant pull on the price as of yet.

For those that are not familiar with the Predictive/Forecasting Model, it is the method taught by David Alcindor, known as "4xForecaster." I was fortunate enough to be one of the few students to take his course and learn the "magic" behind the very powerful model.

For historical reference, the Predictive/Forecasting Model was used during the American Elections as well. I have linked the ideas below.

Best,
Chartistry

Comment

Traders,

Expect 1.11140 to be hit between 05/09-05/11

Comment

Update: All three targets hit. Expecting a reversal from here.



Best,
Sirak Babayan
Comments
johnmad
Great Chart Sir ,
I agree 100 % with your forecast'ed Predictive Targets , i am more in Favor of the 1.11140 Target and i am sure you will know why .
I_see_BTC
Nicely done. You think the bearish target now would be the 1-4 line or Geo's off-set rule #3?
GWaves
@I_see_BTC, Great to see a Geo question!



Price surpassed my initial short entry point. However, we can see that it was stopped short right at the 5"(double-prime) line. I'd expect for a reversal from this point as the bulls have seemed to exhaust themselves. To directly answer your question, yes price is now aiming for Geo's Off-Set rule #3 as defined by @4xForecaster. On a related note, my new method, The Gwave, is also pointing to a similar level.

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