4xForecaster
Short

Bears Pound Sterling | $GBP $USD #Forex

FX:GBPUSD   BRITISH POUND / U.S. DOLLAR
Traders,

Predictive/forecasting model defined the following two bearish targets:

1 - TG-Lo = 1.55764 - 28 OCT 2014

and

2 - TG-x = 1.54661 - 28 OCT 2014.

A discreet geometry could also be playing out via the height of a first significant retracement, projected downward. This method is similar to the Euclidean module projection ( EMP             ), lining up perfectly with the first target defined above.

Invalidation of this bearish outlook may be first weakened by price rising above the 1.6225 level, whereas a break above the 1.65235 should force a reconsideration of an entirely new trading plan. In contrast, a break through the 1.58736 floor would add credence to the model's forecast, as defined by the targets above.

Cheers,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
15 DEC 2014 - Update;

From Twitter:
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$GBPUSD mulls 1.54661 since hitting 1.55764 target; 0.618 #fibonacci lurks above:

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via @tradingview | $GBP $USD
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David Alcindor
+2 Reply
09 DEC 0214 - Update:

From Twitter:
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$GBPUSD hit 1.55764 target; 1.54661 = low-prob; Reversal to 1.65235 = 0.618 #fibonacci likely:

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@tradingview $GBP
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David Alcindor
Reply
hi david
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Reply
27 NOV 2014 - Update:

From Twitter:
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$GBPUSD - Bearish targets remain unanswered; Favors bear; Break > 1.58736 = bullish:

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@tradingview $GBP $USD #forex
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David Alcindor
+1 Reply
15 NOV 2014 - Update:

From Twitter:
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$GBPUSD moved as forecast; Bearish target @ 1.55764 remains pending:

snapshot


via @tradingview | $GBP $USD #BOE #forex
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David Alcindor
+1 Reply
Sorry to be annoying. What about this pin bar at very close your TG-Low? Do you see this as reversal sign or the target should be hit first?
+1 Reply
4xForecaster PRO HamedAghajani
Hi, @HamedAghajani -You are not being annoying at all. I am waiting for a target-hit. If price opens a new bar and that next bar closes above the current one, then I would call it a near-hit. If instead, the new bar remains active within the range of this current one, then I will wait for a hit. The shape of the candle is important if that is what you are looking for. The predictive/forecasting model operates independent of price, as far as defining a target, and remains related to price thereafter only so long as it awaits for price to hit its target.

David

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Reply
kmk.msp 4xForecaster
great answer
+2 Reply
07 NOV 2014 - Update:

From Twitter:
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$GBPUSD - Recap: Moved in forecast direction; remains bearish; targets intact:

https://www.tradingview.com/v/K20vQUOS/#.VF2VvBMspUE.twitter

via @tradingview | $GBP $USD #Forex
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David Alcindor
+1 Reply
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