EAGLE Trade potential

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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