4xForecaster
Short

Trade Opp @ 1.96260 | $GBP $AUD #BE #RBA #forex

FX:GBPAUD   British Pound / Australian Dollar
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Trade Profile:

SL = 1.96640

Entry = 1.96260

Target = 1.81668

Alternate (Conservative) entry = 1.94988


RR = 38.5 to 1


OVERALL:

- Low risk, low exposure. Conservative entry should consider a lower SL (recommending 0.886 of prior swing).
- Trade invalidates at SL; Would reconsider re-entry at conservative level if resumes in that direction and model remains bearish .

Stay tuned,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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David Alcindor
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Check out recent similar Trade Opps:
- $AUDCHF: - $GBPJPY:
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David
11 FEB 2015 - Update: Here is why the Cypher pattern is not valid, if considering its purest form:

From Twitter/Linked-In:
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$GBPAUD: In its purest form, Darren Oglesbee's Cypher pattern is invalid at Point-B:



@tradingview $GBP $AUD #forex
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David Alcindor
+1 Reply
iznogood 4xForecaster
Thanks David...;)
+1 Reply
@iznogood - do you see why the Cypher is not quite valid?

There are other patterns though, which might take price down from there. Bulls might resist a bit, though.

David
+1 Reply
iznogood 4xForecaster
Yeap David, B leg exceeds 0.618.
What about the ww? it's my first try!!!
+1 Reply
What you think about that David?https://www.
+1 Reply
11 FEB 2015 - Update:


* * * TRADE CLOSED * * *


Watch for bearish potential as geometry completes a potential Bearish WW.


David Alcindor
Reply
manijeh.kazemi.33 4xForecaster
hello david ww?
+1 Reply
4xForecaster manijeh.kazemi.33
Wolfe Wave
+2 Reply
manijeh.kazemi.33 4xForecaster
thanks I think AB=CD at 1.97800 and reversal
+1 Reply
4xForecaster manijeh.kazemi.33
It's always a possibility. Feel free to post the chart using the insert (i.e.: not as a link, but as an image), so that I understand what you are referring to.

David
Reply
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