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.