4xForecaster

$NZD v. $JPY - This WW Might Rest At #fibonacci Before Rallying

FX:NZDJPY   New Zealand Dollar / Japanese Yen
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16
921 73
Friends,

Perhaps an interesting opp             in this lesser frame (M15) where ground could possibly defined at a standard Fib contraction level, such that:

1 - 0.500-Fib = 75.589

and

2 - 0.681-Fib = 74.834

SL < 0.618-Fib
TG = 79.763 or 1-3 Line extension of WW, which ever come first.




Not worth entering unless it declines first. It's one of those all or nothing.


Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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David Alcindor
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PS: Looking back, here was an interesting one:
-


DAA
.
04 SEP 2015 - Twitter/LinkedIn Update:


$NZDJPY chart hit 50.0, then 61.8 #fibonacci target:



$NZD $JPY #RBNZ #kiwi #BOJ #yen #forex


David Alcindor
+3 Reply
IvanLabrie 4xForecaster
Great stuff David.
+1 Reply
02 SEP 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$NZDJPY continues to fall as forecast; Geo likely mechanism of last decline:



$NZD $JPY #RBNZ #BOJ #kiwi #yen
----------


David Alcindor
+3 Reply
01 SEP 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$NZDJPY hits its 50% #fibonacci target; Mulls 0.618 target and 1- Line:



$NZD $JPY #RBNZ #BOJ #kiwi #yen #forex
----------


David Alcindor
+2 Reply
31 AUG 2015 - UPDATE:

From Twitter/LinkedIn:
----------
$NZDJPY breaks conditional floor; Follows higher-prob. forecast pathway:



$NZD $JPY #RBNZ #BOJ #kiwi #yen #forex
----------


David Alcindor
+4 Reply
30 AUG 2015 - Chart Update:

Beware, as this pair seems to not comply too well with WW/Geo lines:





David
+3 Reply
IvanLabrie 4xForecaster
Maybe it's the lower liquidity that distorts the patterns?
+1 Reply
30 AUG 2015 - Chart Update:


BACA < 77.775/77.758 will open the floor to 74.834





David
+2 Reply
27 AUG 2015 - Chart Update:

Here, we are waiting for a significant technical event, not just that price would fall, but that it would fall past a specified level - That level is 77/756/77582 range, and more specifically, the LOW from which that range was generated, which appears to be slightly lower that this range - There should not be any expectation of decline unless price BACA below that defined low value (one could also consider tightening SL at range top + spread + 3-5 pips:





David
+2 Reply
27 AUG 2015 - Chart Update:

Here, the chart shows the 1.414 level at which I would consider either entering or adding to a position when looking at an adverse excursion. Any higher than this level should really be a matter of personal risk management, although greater than 1.618 is where I would tend to let go of the trade and consider either another timeframe (the larger the adverse excursions, the more probable that price is falling under control of heavier financial players with sturdier price-moving capabilities, all of which always occur in higher frame levels).





David
+2 Reply
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