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This GBPCAD just shows again how the charts are ruled by fibonacci and how precise the new paradigm trading is. Every swing high and swing low today hit the Pitchforks to the pip with no drawdown at all. I love it and in combination with the harmonic scanner it makes it a lot easier.
Doesnt even matter if there are economic news or not, move still starts and...
Pitchfork of XA
Point C hit the Upper Parallel to the pip and then moved down to create point D of the entire scanner.
Possible Quickfire trade at Point D and then the CD-X traditional Pitchfork for more trades
Two Pitchforks, one bearish one from the former harmonic pattern and the bullish one from the new harmonic pattern. Point D of the new harmonic pattern turned exactly on the median of the orange pitchfork to the pip. the last red circle is another to the pip touch at an energy point of the lower parallel and Camarilla lines, very powerful, got an 80% chance to go...
Beautiful validated pitchfork. After Quickfire validates the scan and the pitchfork, price comes back nice to the upper parallel of the CD-X traditional Pitchfork, touches it and moves of. Almost no drawdown :)