PITCHFORK - Forex GBPUSD Weekly Analysis Feb 26th - Mar 2nd 2018
BUY GBPUSD
Area: Pitchfork Lower Line
Channel Pitchfork - Ascending
Entry: Instant/1.40300 - Lower Line
Target Profit: 1.42600 - Median Line
Next Target Profit: 1.45600 - Upper Line
Stop Loss: 1.39000
Reward Potential: 530 pips
Risk: 130 pips
Reason: Last weekly analysis price unable to reach median line and made reversal and break upper line. Opportunity to trade outside the line (refer last week analysis)
Target price to hit median line , you may lock profit here or next probability target to hit upper line pitchfork .
Area: Pitchfork Lower Line
Channel Pitchfork - Ascending
Entry: Instant/1.40300 - Lower Line
Target Profit: 1.42600 - Median Line
Next Target Profit: 1.45600 - Upper Line
Stop Loss: 1.39000
Reward Potential: 530 pips
Risk: 130 pips
Reason: Last weekly analysis price unable to reach median line and made reversal and break upper line. Opportunity to trade outside the line (refer last week analysis)
Target price to hit median line , you may lock profit here or next probability target to hit upper line pitchfork .
Trade closed: stop reached