At the moment, this appears to me to be key. I am therefore switching to my Numerical Price Prediction Daily Analysis thread with this perspective to test it out.
Sunday / March 7, 2021 / 7:50 PM PST I no longer regard the four-hour price range as the foundation on which price action is built (as the quote in the previous post states). I now view this role as belonging to the eight-hour baseline, but only at the intraday level. Within a swing trading context, I see this job as being filled by the six-day trend. A related (recently made) observation is that trades executed when candlesticks are painting at the edge of the "wrong" side of the six-day price range are almost always guaranteed to be profitable. (Reversals off 12-day temporal support/resistance levels ain't bad either.) But because this does not happen very often, I checked to see if a currency pair painting a mis-colored daily candlestick within the six-day trend might also have this kind of potential. Usually, only one mis-candlestick is formed. But sometimes, there are two, and in some rare cases, I even counted three. So, how is one to know when rates are reversing to realign with the slope of the dominant trend? Dropping down to a one-hour chart, I found the day-to-day baseline to be too lagging. As one might expect, it is the eight-hour baseline that signals the change back to the six-day bias, as confirmed by the 16-hour baseline. These measures can be consulted in conjunction with the 12-hour and 24-hour temporal support and resistance levels to paint an instructive picture on when to enter and exit positions following a one-, two-, or three-day pullback in the six-day trend. However, if the eight-hour baseline maintains its trajectory, reversals off the 12-hour temporal support/resistance levels are where to find intraday trade opportunities, as conveyed by the 90-minute baseline. (The two-hour baseline was previous consulted for validation, but it is just a tad bit lagging. And though the 40-minute baseline is still regarded as a key measure, it is nonetheless just a tiny bit too sensitive to price fluctuations.)
Monday / August 8, 2022 / 1:00 AM PST Though the six-day and 12-day price flow are bearish, EURAUD has been looking at a bullish overall day-to-day trend ever since July 29, 2022. If this is going to continue, then at some point, the rate should climb above the bottom of the current red daily candlestick, presently situated at 1.4650. AUDUSD's daily trend is slightly bearish to neutral. This suggests that the rate, which presently is at 0.6968 near the top of the projected daily price range, is going to eventually come down (at some point). USDCAD and USDCHF are "supposed" to be climbing, yet they have both formed daily candlesticks that are currently red. It is therefore rational to expect USDCAD to, at some point, rise above 1.2894 (or reverse direction below it) and USDCHF to rise above or reverse direction below 0.9580.