kapital
Short

Shorting the EUR/USD with the Andrew's Pitchfork

FX:EURUSD   Euro Fx/U.S. Dollar
208 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.

Presto!
Reply
A good setup, worked fine!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out