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  1. AnonymousJanuary 12, 2017 at 1:46 AM

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SHARP GBP USD RALLY PREDICTED 7 DAYS AGO

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As predicted several days ago, the GBP has rallied sharply above major Support area of 1,2000 to start an uptrend that will take it up to the 1,2750 area by Wednesday January 25th, 2017. This is all part of the predicted  formation of a Consolidation Setup on the Daily Chart. In the screen shot of the Private Video Tutorials sent to DRFX Subscribers (www.drfxswingtrading.com), you can see the blue line used to indicate where I expected the rally. PRIVATE VIDEO LESSON - JANUARY 10, 2017 In the screenshot and Youtube Video below of January 18, you can see that the rally took the form of a strong Bull Candle - exactly where I predicted. PRIVATE VIDEO LESSON JANUARY 18, 2017 This projected Consolidation is based on the type of bullish and bearish waves on the Daily Chart. From the Trading Manual, you will see that there are certain types of waves that tell us when the market will form a Consolidation. ...
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Our latest trade took place on the EURO GBP as we took advantage of the rally in this pair on the 4 Hour Chart. As you can see in the graph below, the Pair appeared to be forming a Pennant Setup, with a Bullish Candle indicating the start of a rally to Resistance... 4 HOUR CHART This was based on the theory of Consolidations from the Trading Manual, which shows us how to spot and tra de the formation of Consolidations... PAGE 119 OF TRADING MANUAL After analyzing the pair with the Chart Analysis and Trade Entry Sheets, it was determined that the trade could be taken. After just over 24 Hours from entry, the trading target was hit.... CHART ANALYSIS SHEET TRADE ENTRY SHEET TRADE RESULT Even though this was less than the 70 Pips we aim for as part of the strategy... ....the trade provided a good Return, since we only needed a 30 Pip Stop Loss... PROJECTED TRADES - 2% RISK PER TRADE So another example...
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The last time we examined this pair in April this year, we had projected a sharp decline in favour of the Canadian Dollar based on the False Breakout pattern that had been unfolding. In the chart below, we can see that the Bullish Candles that attempted to break out long from the Pennant were eventually taken out by the slow Bearish Candles that took us back inside of the Consolidation. DAILY CHART - FALSE BREAKOUT   Based on this movement and the fact that False Breakouts usually lead to breaks at the opposing end of the Pennant, we had projected the pair to break towards the major Outer Uptrend Line. DAILY CHART - PROJECTED DECLINE   Looking at the current situation on the Daily Chart, we can see that this forecast had in fact materialized over the last few weeks. Starting from the high of the start of the reversal, the pair has declined sharply by approximately 800 Pips. DAILY CHART - SHARP DECLINE   Now, how...
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