4xForecaster
Short

Potential Geometry Completion Before Further Decline | $GBP $CAD

FX:GBPCAD   British Pound / Canadian Dollar
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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




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: , for more on advanced patterns and strategies.


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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Twitter:
@4xForecaster

LinkedIn:
David Alcindor
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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?
+1 Reply
@iefan - Yes. Been on it already ... 1.85938 is my target for retracement into geo.


David
+3 Reply
iefan 4xForecaster
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
Yes, @iefan, you are right: An adverse excursion will likely meed resistance at the core, at the value you defined.

David
+2 Reply
iefan 4xForecaster
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
@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
15 APR 015 - Update:

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



@tradingview $GBP $CAD #BOE #BOC
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David Alcindor
+2 Reply
13 APR 2015 - Update:

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



@tradingview $GBP $CAD
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David Alcindor
+2 Reply
02 APR 2015 - Update:

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



@tradingview $GBP $CAD
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David Alcindor
+3 Reply
iefan 4xForecaster
Hi David, I know we are expecting a further demise in price, however might a small rally occur as per WW?https://www.
+1 Reply
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