PITCHFORK - CFD XAUUSD Weekly Analysis Feb 19th - 23rd , 2018
SELL XAUUSD
Area: Pitchfork Median Line
Channel Pitchfork - Ascending
Entry: 1350.000 - Median Line
Target Profit: 1329.500 - Lower Line
Next Target Profit: NIL
Stop Loss: 1357.000
Reward Potential: 2050 pips
Risk: 700 pips
Reason: Price seems to heading towards lower line pitchfork, retested on median line and failed to breakthru median line.
US Dollar also have made rebounce on weekly lower line pitchfork.
Area: Pitchfork Median Line
Channel Pitchfork - Ascending
Entry: 1350.000 - Median Line
Target Profit: 1329.500 - Lower Line
Next Target Profit: NIL
Stop Loss: 1357.000
Reward Potential: 2050 pips
Risk: 700 pips
Reason: Price seems to heading towards lower line pitchfork, retested on median line and failed to breakthru median line.
US Dollar also have made rebounce on weekly lower line pitchfork.
Trade closed: target reached