Exactly 7 days ago, my proprietary predictive analysis and forecasting system defined a as "TG-1 = 0.89792 - 26 MAR 2014" at the time when price's 4-hour candle had just broken through the 0.88500 level.
Since then, price action has remained in pace with the target, and it did so with support of the channel projected at the time of the original forecast - See it here: .
At this point, there has not been any interim technical event that should alter the forecast.
Predictive Analysis and Forecasting
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A signal came through yesterday, triggering a long trade contemplation, as the signal confirms a bullish market reversal confirmation in this pair.
Momental lines (ghosted) as classic trendlines are drawn (bolded) in the price field to highlight a mature bullish pace well underway.
Predictive analysis and forecasting system has defined TG-1 = 0.89792 as a moderate probability target.
Fundamentals are currently triggering USD bids; SNB recently left key rates unchanged. This is net BULLISH for this pair.
Thank you for adding this. I hope it reflects the subsequent price action. Looks like it did. Adding fundamental analysis to the predictive analysis is quite a new thing for me (something I would consider in my trading, but not expose in the shared text).
Thank you for posting it!
A pattern trader (here rising channel with validation of channel's lower border until failure) or a structural trader (here, a value defined based on historical price action) would agree that the defined level bear a significant importance relative to any trade position. In both cases, each trader would have set a stop-loss below the level corresponding to the lower border of the channel, or similarly below that defined value.
I hope this makes sense. If it does not, do not expose any of your hard earned asset in this type of trading until you understand and feel comfortable with basic market geometries and patterns.
If you need reference for reads and website, feel free to contact me in private. I will be glad to orient you based on your level of needs and proficiencies, as long as you do not mind telling me a bit more about your level and goals.