FX:GBPJPY   British Pound/Japanese Yen
72 2 0
Unbelievable? I can't imagine this scenario myself. But it's possible.
cryptoyoda
3 years ago
But it's only 60 pips down to the 'strong support' (& the MLH WL intersection) it could continue in the blue fork after that...

(Technical point - it's ok to draw pitchforks with the B prior to the A? I can see the blue one captures the slope nicely, anyway...)
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ForceFollower cryptoyoda
3 years ago
It's not meant to serve as a classical fork - just to capture the slope. Those 60 pips is all I need here. And yes, I haven't forecast what's going to happen next, but the words 'strong support' imply a bounce and a possible move up. But first I want to see it make it to the WL. :-)
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