kapital
Short

Shorting the EUR/USD with the Andrew's Pitchfork

FX:EURUSD   Euro / U.S. Dollar
214 2 1
The median line (middle line) of this Modified Schiff Andrew's Pitchfork is acting as resistance (which also acted as temporary support on the topside) at the end of a strong move down in price. I entered a short trade at 1.2107 and expect price to fall to my target of 1.2067 (although the lower parallel of the pitchfork is the ideal target I chose a numerical target for the purpose of this posting) for a risk/reward of 1:4.

A good setup, worked fine!
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Presto!
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