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
------------------
Twitter: @4xForecaster
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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
------------------
Twitter: @4xForecaster
------------------
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
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)
Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
From Twitter:
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$GBPUSD mulls 1.54661 since hitting 1.55764 target; 0.618 #fibonacci lurks above:
via @tradingview | $GBP $USD
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David Alcindor
From Twitter:
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$GBPUSD hit 1.55764 target; 1.54661 = low-prob; Reversal to 1.65235 = 0.618 #fibonacci likely:
@tradingview $GBP
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David Alcindor
From Twitter:
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$GBPUSD - Bearish targets remain unanswered; Favors bear; Break > 1.58736 = bullish:
@tradingview $GBP $USD #forex
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David Alcindor
From Twitter:
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$GBPUSD moved as forecast; Bearish target @ 1.55764 remains pending:
via @tradingview | $GBP $USD #BOE #forex
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David Alcindor
David
From Twitter:
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$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