Modified Schiff Pitchfork

Fxprotrader Fxprotrader PRO GBPCAD, 240, Short , a month ago
GBPCAD: GBPCADSell Opportunity at Resistance Level
285 0 14
GBPCAD, 240 Short
GBPCADSell Opportunity at Resistance Level

Price has reached the upper parallel of a downsloping modified schiff where it looks like it has formed a flag pattern. The parallel has acted as resistance previously adding more chances to the flag working out good. Watch for a breakout below the flag and sell the market.

Fxprotrader Fxprotrader PRO EURAUD, D, Long , 17 days ago
EURAUD: EURAUD Price at a Strong Support Level
309 0 18
EURAUD, D Long
EURAUD Price at a Strong Support Level

Although we are in a long-term downtrend, I have started watching for a buy setup in the lower timeframes as I see price having reached the lower quartile of the modified Schiff pitchfork which has previously acted as a support several times. I will update if I have any setup completion.

eaglestar eaglestar ES1!, 240, 24 days ago
ES1!: SandP 500 E-Mini Futures 240 CME Updated 2/2/2017
13 0 2
ES1!, 240
SandP 500 E-Mini Futures 240 CME Updated 2/2/2017

Price is following the modified schiff nicely with touches on the top and bottom. Look for price to react for employment news tomorrow. As mentioned before price hit the fibonacci retracement at 50% and hit the extension near 138.2%

ness1g ness1g CL1!, 30, a month ago
CL1!: Crude
56 1 3
CL1!, 30
Crude

Modified schiff

eaglestar eaglestar ES1!, 240, a month ago
ES1!: SandP 500 E-Mini Futures 240 CME Updated 1/27/2017
6 0 6
ES1!, 240
SandP 500 E-Mini Futures 240 CME Updated 1/27/2017

Price has come up to the 2300 area. I drew in a new modified schiff of the major swing, which had an undershoot and symmetrical pullback here near 2300. Price should come down to 2277-2273 area for support.

Fxprotrader Fxprotrader PRO NZDUSD, W, Short , a month ago
NZDUSD: NZDUSD Potential Big Move to The Down
425 2 24
NZDUSD, W Short
NZDUSD Potential Big Move to The Down

Looking at the parallels of the downsloping modified schiff we may see that the slope of price is pretty valid and that this fork is working very well. Price is testing now the upper parallel and it looks like is been rejected. Any sell setup completion at a lower timeframe would be a high probability one with a great reward even if we initially aim for the upper ...

Fxprotrader Fxprotrader PRO EURUSD, 240, Long , a month ago
EURUSD: EURUSD Price at a Level With Great Confluence
761 1 23
EURUSD, 240 Long
EURUSD Price at a Level With Great Confluence

Price has been rejected after reaching the lower parallel of an upsloping modified schiff at a level where with have the slidely parallel of a weekly pitchfork acting as support. Any buy setup completion at current level should be a great buy long opportunity.

valiang valiang USDJPY, D, Short , a month ago
USDJPY: USDJPY Daily with Modified Schiff Pitchfork
29 0 4
USDJPY, D Short
USDJPY Daily with Modified Schiff Pitchfork

modified schiff pitchfork on USDJPY daily looks nice

Bryan_Ali Bryan_Ali USOIL, D, Long , 2 months ago
USOIL: Price Action is Accelerating Upwards
79 0 5
USOIL, D Long
Price Action is Accelerating Upwards

The angle of the current pitchfork channel (Modified Schiff) that prices are moving within is larger in magnitude than the angle of the longer-dated, broad pitchfork channel. That may imply that price action is accelerating to the upside. Keep in mind, for this assumption to remain valid, the channels must stay intact. I have overlaid a Fibonacci Circle study, ...

Fxprotrader Fxprotrader PRO USDCHF, 240, Long , 2 months ago
USDCHF: USDCHF Nice Level To Go Long
357 0 15
USDCHF, 240 Long
USDCHF Nice Level To Go Long

The slope of the modified schiff is pretty valid and what we see in this 240min USDCHF chart, is price testing a slide parallel which acted several times as support previously. From that point we might see an explosive upmove, ending the correction has been moving.

Fxprotrader Fxprotrader PRO GBPAUD, 60, Short , 2 months ago
GBPAUD: GBPAUD Sell Setup At Upper Parallel
213 0 16
GBPAUD, 60 Short
GBPAUD Sell Setup At Upper Parallel

Price is testing both the upper and slide parallel of a modified schiff. Going short from this level is a nice idea. Sl and tp as shown at the chart.

Fxprotrader Fxprotrader PRO GBPNZD, 30, Long , 2 months ago
GBPNZD: GBPNZD Pending Bullish Cypher Pattern
273 0 10
GBPNZD, 30 Long
GBPNZD Pending Bullish Cypher Pattern

In case price retraces to the lower lower parallel of the modified schiff we will have the completion of a bullish cypher pattern. I will go long with sl and tp as shown at the chart

Fxprotrader Fxprotrader PRO USDCAD, D, Long , 2 months ago
USDCAD: USDCAD Bullish Cypher Completion at Slide Parallel
328 3 14
USDCAD, D Long
USDCAD Bullish Cypher Completion at Slide Parallel

Price has retraced to the slide parallel of an upsloping median line where we have the completion of a bullish cypher pattern. We may see that at the slide parallel price has been rejected twice in the past so most likely this pattern will work great and we may see price jumping from D point. If you can't afford placing sl below X point, watch for a buy setup at a ...

Fxprotrader Fxprotrader PRO USDJPY, 60, Long , 2 months ago
USDJPY: USDJPY: Nice Level to Watch for A Buy Setup
582 1 20
USDJPY, 60 Long
USDJPY: Nice Level to Watch for A Buy Setup

Price has broken above the median line of a modified schiff and is now testing at its upper quartile. In case it retraces to the median line where in addition we have previous structure, it will be a nice idea to start watching for a buy setup to complete.

Fxprotrader Fxprotrader PRO NZDUSD, 60, Long , 2 months ago
NZDUSD: NZDUSD: Bullish Gartley Comletion At Key Level
434 2 19
NZDUSD, 60 Long
NZDUSD: Bullish Gartley Comletion At Key Level

Although i still wait for that big down move (watch the link below), looking at the hourly chart of NZDUSD we have a bullish gartley completion at the lower parallel of a modified schiff. This is a nice buy opportunity for the upcoming week.

Fxprotrader Fxprotrader PRO USDCAD, D, Long , 2 months ago
USDCAD: USDCAD Price At Key Buy Level
281 0 16
USDCAD, D Long
USDCAD Price At Key Buy Level

Price has retraced to the lower parallel of a modiffied schiff pitchfork where we have previous structure and we should start watching for a buy setup completion. In case that price continue dropping, if it reaches the slide parallel of the set we will have the completion of a bullish cypher pattern. That would be a good buy opportunity too.! Cypher ...

Fxprotrader Fxprotrader PRO USDJPY, 60, Long , 2 months ago
USDJPY: USDJPY: Nice Level To Watch For A Buy Setup
736 2 22
USDJPY, 60 Long
USDJPY: Nice Level To Watch For A Buy Setup

Price is moving in a corrective structure after an impulse up move, and is now heading to the lower parallel of an upsloping modified schiff pitchfork with an active slope. If price reaches the parallel we should start watching for a buy setup trying to catch the next impulse with a tp at the median line. If we identify no setup at the parallels , we should wait ...

Fxprotrader Fxprotrader PRO USOIL, D, Long , 3 months ago
USOIL: USOil: Wathc For A Buy Setup At This Level
594 0 23
USOIL, D Long
USOil: Wathc For A Buy Setup At This Level

Price has been rejected at a slide parallel of an upsloping modified schiff at a level where we previously had price action. Going with the active slope (uptrend) we may watch for a buy setup at the lower timeframes with a potential tp the median line. In case price closes below the parallel this idea will be no more valid.

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