This idea is pretty straight forward, showing confluence with numbered sequences from Fibonacci, Lucas and Degrees of a Circle. I am also using my own unique forecasting tool ie "The Mod.Schiff Nodal Point" which has already called the Low on the and is now forecasting a LOW on the lower parallel at around 1.92650 late on the 11th/ & early on the 12th Jan 2015. Let's see how this unfolds.
My PRICE Target of 1.92650 has been met!, however my time TIME has around 28-32 hours to go .......or within 7 to 8 ( 4 hr ) bars....... May sound weird but it looks like this will be a double bottom before the market will reverse to the upside.
less likely scenario but still a possibility is that the yellow timing line is a smaller top before a reversal to the downside. Interesting how this pair plays out.
The reason I am so pedantic about TIMING ( apart from my name "Timing Is Key":) is that I have been on a HG quest to time the markets with accuracy for many years now using "Market Geometry" or what some refer to as "Sacred Geometry" and therefore have read and applied and experimented and applied many and varied concepts. I will keep posting my trades and forecasts as I enjoy sharing my ideas with the tradingview community.
I will update this chart soon.