Update: First Target Hit ... | $EUR $USD $Euro $USDX #Forex
Friends,
Just a quite word here on this major, to mention first how our predictive and forecasting strategic system was able to define a reversal (market at the time was expectedly bearish due to geopolitical development), and direction to the upside, as well as a series of targets, the first of which just got hit a moment ago.
At this point, there is nothing to indicate problematic hindrance ahead as price makes its way to the second target.
Note also that price also continues to follow the development of a potential bearish Wolfe Waves pattern, drawn in the bottom right WEEKLY frame. A 1-4 Line not drawn here (but coming up soon as price reaches targets and signals an early market reversal signal) will become the next item of interest.
Cheers,
David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting
-----------------------------------------------------
Get signals, analyses and forecasts on Twitter
Alias: @4xForecaster
-----------------------------------------------------
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
Just a quite word here on this major, to mention first how our predictive and forecasting strategic system was able to define a reversal (market at the time was expectedly bearish due to geopolitical development), and direction to the upside, as well as a series of targets, the first of which just got hit a moment ago.
At this point, there is nothing to indicate problematic hindrance ahead as price makes its way to the second target.
Note also that price also continues to follow the development of a potential bearish Wolfe Waves pattern, drawn in the bottom right WEEKLY frame. A 1-4 Line not drawn here (but coming up soon as price reaches targets and signals an early market reversal signal) will become the next item of interest.
Cheers,
David Alcindor
TradingView.com Moderator, Alias: 4xForecaster
Predictive Analysis & Market Forecasting
-----------------------------------------------------
Get signals, analyses and forecasts on Twitter
Alias: @4xForecaster
-----------------------------------------------------
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