UnknownUnicorn2349278

UnknownUnicorn2349278

I looked into the upward move on EURUSD and added this H4 pitchfork last night. This afternoon I was pleased to see the return to the median line slow the move up. I initially added this pitchfork to review my SL and I'm considered adding to my short position.

UnknownUnicorn2349278

Some would look at this and say "Head and Shoulders". I think it lost momentum moving to the upper level and will move down to the zone below. At that point I'll reevaluate.

UnknownUnicorn2349278

I added historical levels and zones to the EURUSD charts. We are approaching some important levels that it will likely test. I also added additional deviations off the median line. Personally I think it's pretty fascinating how closely the price action matches these deviations.

UnknownUnicorn2349278

I think there's a short run pitchfork forming. I am going to open a position with the SL at 1.2739 and watch over the next week to see if I want to move it up and let it ride.

UnknownUnicorn2349278

Just revisiting some old charts I set up before I had to take a sabbatical. The Pitchfork on EURUSD has held up nicely so far. A possible rejection off the centerline before heading back down.

UnknownUnicorn2349278

I'm putting a market pending order in for a long on USDCAD. There is a slight bullish divergence on the RSI and the H4 is in the oversold zone. It could push further down from here, that's why it's only a market pending for now.

UnknownUnicorn2349278

Watching several levels on NZDUSD. Not making a trade at this point because I'm not as good or well read in Supply and Demand trading. I do find it very interesting looking at the similarities between the M15 for GPBUSD ...and the M15 for NZDUSD

UnknownUnicorn2349278 Updated 

FOREXCOM:USDJPY seems to be stablilizing at the top of this pitchfork and I will probably be taking a short to the centerline. H4 The RSI on the H4 does not look favorable right now and I'm waiting for it to flip overbought. H1 There was a Bearish divergence on the RSI up until 15 Mar. M30 The entry zone and a significant zone below is more clear on the M30...

UnknownUnicorn2349278

GBPUSD is almost to a but level at the bottom of the pitchfork. The RSI is oversold on the H1 Chart.

UnknownUnicorn2349278

I found 3 confirmations with NZDUSD when it reached the upper limit of my pitchfork. Bearish RSI Divergence Daily RSI Overbought Overall Bearish trend Opened a short with a healthy stop loss.

UnknownUnicorn2349278

FOREXCOM:CADJPY I marked the pitchfork from the pivots on the weekly chart from June, September, and October. Confirmed with the Daily RSI and the Daily chart. It's very slight but there appears to be a bearish divergence on the RSI. I've only started dabbling in RSI divergences so I wouldn't consider this a confirmation, but it's worth noting. After...

UnknownUnicorn2349278

I opened this last night. The RSI was oversold on the Daily and based on the previous trend I judged it would go bullish. I plan to hold for at least a week.

UnknownUnicorn2349278

USDCHF appears to be consolidating at the end of a triangle. Not sure where it will go in the long run. On the 4 hour chart with Daily RSI, it may be headed back down in a few days. I'd be interested to see what it does at the historical levels.

UnknownUnicorn2349278

This is what I'm waiting for with the Ruble. I expect a quick sell off and then follow the pitchfork up as sanctions take hold. Unfortunately there's always a large spread on USDRUB so you have to be quite liberal with your stop loss. I could ride the roller coaster on this for a month and probably make a lot of money or just buy now and hold long term. What do...

UnknownUnicorn2349278

I think USDRUB may break out from the larger pitchfork. If sanctions go through the effects will play out over several months so if it breaks out there will be another opportunity for an entrance.

UnknownUnicorn2349278

There are a couple ways EURGBP could play out. It still has some room to go down judging from the RSI. If it tests the bottom of the larger pitchfork and start moving higher I will enter a long position with a tight stop loss.

UnknownUnicorn2349278

USDJPY is still playing out as I expected. I will wait to see the D RSI to be oversold before entering a long position at the bottom of the pitchfork.

UnknownUnicorn2349278

I managed to close out my short with a minor profit but then the price completely invalidated my idea so I reevaluated. This Schiff Pitchfork is my new thesis for GBPUSD. Looking for any comments or inputs as I watch this one for a few days.