4xForecaster

$USD vs. $CAD - Wolfe Wave Completes Pt-5; Eyes 1-4 Line | #BOE

FX:USDCAD   U.S. Dollar/Canadian Dollar
Friends,

Here too, a temporary rally in the bear-beaten Dollar might occur to the geometric             extent defined in the chart, as a Wolfe Wave just completed its 5th cardinal position:


snapshot


A structural level, as well as the Wolfe Wave's 1-4 Line are likely to dampen any further advance, as one should expect that Fed's no-hike decision is likely to limit an further bullish ambition for the time being.


OVERALL, the $USD is likely to rally reactively to yesterday's sell-off. However, expect significant overhead hurdles to dampen the rally. The most immediate high-probability price action is offered through Mr. Bill Wolfe's Wolfe Wave pattern, unless price fell to lower levels and completed a Geo             - In either case, Price level of Point-4 is likely to impose its strongest bearish ripost.

Best,


David Alcindor
Predictive Analysis & Forecasting
Durango, Colorado - USA


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

Signal Service or Private Course - Contact: admin@KADAInstitute.com
All updates on https://twitter.com/4xForecaster
19 JUN 2015 - UPDATE:

From Twitter/LinkedIn:
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$USDCAD rallied as forecast; Weaving Wolfe Wave to 1-4 Line; Expect resistance at range::

snapshot


$USD $CAD $BOC #forex
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snapshot



David Alcindor
+4 Reply
23 JUN 2015 - UPDATE - Target hit;

From Twitter/LinkedIn:
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$USDCAD hit target as forecast; Predictive Model remains bearish; Lower targets lurking:

snapshot


$USD $CAD #BOC #forex
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snapshot



David Alcindor
+3 Reply
kmk.msp
a year ago
USDCAD Probable Decline after rejected from 5


+3 Reply
4xForecaster PRO kmk.msp
a year ago
Hello @kmk.msp,

Very nice.

One problem though ... Model calls for another leg up into the 5'' level.

Then, DOWN.


- Excellent find!

David
+3 Reply
4xForecaster PRO 4xForecaster
a year ago
@kmk.msp,

If Model is correct, then a higher high could be carved. But that's okay as long as the SL is set at 1.414 + spread + 3-5 pips above the 4-5'' leg (pushes it a bit for a 4-hour chart, so that's up to the trader's own preset risk management).

Worth keeping an eye on is the fact that your Point-2 may in fact be part of a slightly LARGER geometry, in which current 5'' would represent Point-3. In such a case, the Model would be right to expect a push back UP, anticipating Point-5 to complete the geometry.

Beware of wolfes.

;-)


David
+4 Reply
kmk.msp 4xForecaster
a year ago
Thanks a lot David, I really scared whenever post to you and feeling good now after your appreciation. Why another leg up David?
kmk.msp
+2 Reply
4xForecaster PRO kmk.msp
a year ago
@kmk.msp - I hope I have not offered any reasons before to scare your from posting. I do speak up my mind if it tends to be off topic or self-serving, but as long as traders have an idea to teach, this space remains wide open.

Why another leg up? Simply because the Predictive/Forecasting Model offers a high-probability of this occurring. Once it does, I stay hands off and for it for to materialize. If it fails to do so, I place a trade and I move on.

David
+2 Reply
kmk.msp 4xForecaster
a year ago
Sir, not scared due to you but because of my inexperience as i am new in this field. My apology if you feel.
kmk.msp
+1 Reply
4xForecaster PRO kmk.msp
a year ago
@kmk.msp - Okay, good.

Feel free to post. Being wrong is part of trading, just like boxing. One learns to take hits, and then one learns the distances from bad hits.

I've learn to through rocks at boxers and run real fast - That's what my Model is for.


David
+4 Reply
kmk.msp 4xForecaster
a year ago
Thanks a lot David. I have learned a lot from you, Sir.
kmk.msp
+1 Reply
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