Watch for a potential rally off of 0.68893.
Following are speculative forecast (i.e.: If model was forced to commit to bullish outlook), yielding the following targets:
NUMERICAL TARGETS:
1 - TG-1 - 0.75064 - 22 JAN 2015
and
2 - TG-2 - 0.77643 - 22 JAN 2015
NOMINAL TARGETS:
1 - TG-Hi = 0.79946 - 22 JAN 2015
and
2 - TG-Hix = 0.81815 - 22 JAN 2015
OVERALL:
The recent bearish swing completed a bearish impulse, finalized at Point-5 as a nadir. The following development has drawn a time-consumptive correction which is likely to remain at or above the forecast 0.68893 forecast, thus defining a fronted entry (i.e.: respective of spreads) above this level.
A break below Point-5 would abort this trade.
The methodology applied here represents an old strategy I had called EAGLE, which offers a VERY LOW risk versus a HIGH REWARD potential.
As defined therein, the RR = 21:1
Please, note that I already enter a LONG position @ 0.69382
Cheers,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
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Twitter: @4xForecaster
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Following are speculative forecast (i.e.: If model was forced to commit to bullish outlook), yielding the following targets:
NUMERICAL TARGETS:
1 - TG-1 - 0.75064 - 22 JAN 2015
and
2 - TG-2 - 0.77643 - 22 JAN 2015
NOMINAL TARGETS:
1 - TG-Hi = 0.79946 - 22 JAN 2015
and
2 - TG-Hix = 0.81815 - 22 JAN 2015
OVERALL:
The recent bearish swing completed a bearish impulse, finalized at Point-5 as a nadir. The following development has drawn a time-consumptive correction which is likely to remain at or above the forecast 0.68893 forecast, thus defining a fronted entry (i.e.: respective of spreads) above this level.
A break below Point-5 would abort this trade.
The methodology applied here represents an old strategy I had called EAGLE, which offers a VERY LOW risk versus a HIGH REWARD potential.
As defined therein, the RR = 21:1
Please, note that I already enter a LONG position @ 0.69382
Cheers,
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter: @4xForecaster
-----
