4xForecaster
Short

Potential Geometry Completion Before Further Decline | $GBP $CAD

FX:GBPCAD   British Pound/Canadian Dollar
649 14 13
Looking at following potential interim development:

1 - background geometry to 1-4 Line
2 - Range: 1.89098 to 1.89610

Expecting further decline based on predictive/forecasting model, aiming for following bearish target:

- TG-Lo = 1.79707 - 20 MAR 2015


snapshot


OVERALL:

Background geometry is likely to contain price subdued to range defined above. Predictive/forecasting model remains bearish .

Invalidation of longer-term directional bias should occur if price rises above point-2 of background geometry, or 1.9142.

Feel free to follow this trade in the general "Advanced Financial Market Geometries" lesson segment open today, here:
Advanced Financial Market Geos - Educational Ideas & Discussions
, for more on advanced patterns and strategies.


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


-----
Twitter:
@4xForecaster

LinkedIn:
David Alcindor
-----

.
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
20 MAR 2015 - Update:

Here is the rest of the chart (simply added the speculative pathway via arrows - see chart):


snapshot



David Alcindor
+3 Reply
25 MAR 2015 - Update:

From Twitter/LinkedIn:
----------
$GBPCAD rallies from 5'; Eyes 1.89/86 range; Structure lurking at 1.8986:

snapshot


@tradingview $GBP $CAD #BOE #BOC #forex
----------


snapshot



David Alcindor
+3 Reply
02 APR 2015 - Update:

From Twitter/LinkedIn:
----------
$GBPCAD reversed at forecast range per geometry; Predictive Model's target remain in force:

snapshot


@tradingview $GBP $CAD
----------


snapshot



David Alcindor
+3 Reply
iefan PRO 4xForecaster
2 years ago
Hi David, I know we are expecting a further demise in price, however might a small rally occur as per WW?
snapshot
+1 Reply
4xForecaster PRO iefan
2 years ago
@iefan - The geo stretches so far down that I would consider point-3 as a fair intermediate target, whereas point-4 would remain a completion level with or without a residual position - David
+1 Reply
4xForecaster PRO 4xForecaster
2 years ago
@iefan - One way to check your geo is to measure and seek either a 1.424-Fib or a 1.618-Fib extensions.

I would personally rely on the lesser-known 1.414 over the Pavlovian 1.618, as it offers an earlier, more aggressive, and tactical entry (I.e.: By using 1.618 as an objective Stop-Loss level from which to re-entry, or add to, a position - David
+1 Reply
13 APR 2015 - Update:

From Twitter/LinkedIn:
----------
$GBPCAD still rolling since it hit 1.89098; Predictive Model still eyes 1.79707 forecast:

snapshot


@tradingview $GBP $CAD
----------


snapshot



David Alcindor
+2 Reply
15 APR 015 - Update:

From Twitter/LinkedIn:
----------
$GBPCAD still rolling since 1.89098 forecast; Bearish target at 1.79707 intact:

snapshot


@tradingview $GBP $CAD #BOE #BOC
----------


snapshot



David Alcindor
+2 Reply
iefan PRO
2 years ago
Hi David, please could you have a look at this chart for me. Minor WW point 5 forming at the level of Point 4 of the larger WW and in proximity to large WW 1- 4 Line. Do you expect a high probability of decline from here for this pair to the 1.8 region?
snapshot
+1 Reply
4xForecaster PRO iefan
2 years ago
@iefan - Yes. Been on it already ... 1.85938 is my target for retracement into geo.


David
+3 Reply
iefan PRO 4xForecaster
2 years ago
Would I be correct in saying your Nodal Core is at 1.86130 (as the retracement is greater than 0.382 Fib?) which would offer further resistance in case of an adverse event?
+1 Reply
4xForecaster PRO iefan
2 years ago
Yes, @iefan, you are right: An adverse excursion will likely meed resistance at the core, at the value you defined.

David
+2 Reply
iefan PRO 4xForecaster
2 years ago
Last question for the night. $CADJPY has hit Point 5' and looks to be on the decline for your abysmal target, $GBPCAD is expected to reverse shortly. Because of the relationship between these pairs, can one deduce that there could be a large decline in the $GBPJPY pair?
+1 Reply
4xForecaster PRO iefan
2 years ago
@iefan, this sounds like a distributive rule of algebra: Yes, by association, both are likely to succumb to strengthening of the $JPY, which is there common coefficient, in an algebraic way of speaking.

Best is to consider the real shaping force, which my be the combination of a weakening $USD and a strengthening $JPY, which potentiates the $USDJPY as a bearish hammer, shaping the related crosses into its declining shape.

David
+2 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out