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nicker
Oct 16, 2020 7:46 PM

EUR.USD 240 Min Short CCI tlb, Pitchfork Targets on 2 H&S Target Short

Euro Fx/U.S. DollarFXCM

Description

Though 13CCI on 240 min EUR.USD has a higher low, the currently operative signal is Short from CCI crossing down thru an uptrendline and the exit signal will be CCI crossing up thru a downtrendline.

The pitchfork targets match perfectly with both the small H&S target and the larger H&S target, shown by red + symbols.

Caution tho, because news of additional money being sent to US citizens before election could change the charts
Comments
rookie007
Thanks, Norma; agree with that chart in the 4H time frame.
Maybe not so much on the M or W time frames.
nicker
@rookie007, Thanks Ed. For CCI signal strength, the Weekly, which signalled Short Aug 31, is still a strong down pattern, but with news so unpredictable I'm surely nimble. The Monthly CCI had a Short signal for expert readers and still has a short read, but one which could be easily disrupted. Your Maybe is OK
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