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PITCHFORK - Forex EURUSD Weekly Analysis Feb 19th - 23rd , 2018SELL EURUSD Area: Pitchfork Upper Line Channel Pitchfork - Descending Entry: 1.24200 - Median Line Target Profit: 1.21300 - Lower Line Next Target Profit: NIL Stop Loss: 1.25600 Reward Potential: 290 pips Risk: 140 pips Reason: 1. Price rejected and made reversal on previous high/upper line high probability heading towards median line then lower line pitchfork. 2. US Dollar also have made rebounce on weekly lower line pitchfork. Expecting strong US Dollar in the coming weeks.
Short
by ap8forexchange
PITCHFORK - Forex USDJPY Weekly Analysis Feb 19th - 23rd , 2018BUY USDJPY Area: Pitchfork Lower Line Channel Pitchfork - Descending Entry: 106.600 - Lower Line Target Profit: 107.500 - Median Line Next Target Profit: 108.700 - Upper Line Stop Loss: 106.600 Reward Potential: 210 pips Risk: 60 pips Reason: 1. Looking at Price are moving back to pitchfork channel, highprobability to hit median line. 2. US Dollar also have made rebounce on weekly lower line pitchfork . Expecting strong US Dollar and demand in the coming weeks.
Long
by ap8forexchange
1
PITCHFORK - Forex GBPUSD Weekly Analysis Feb 19th - 23rd , 2018SELL GBPUSD Area: Pitchfork Upper Line Channel Pitchfork - Descending Entry: 1.40160 - Upper Line Target Profit: 1.37900 - Median Line Next Target Profit: 1.35300 - Lower Line Stop Loss: 106.600 Reward Potential: 486 pips Risk: 144 pips Reason: 1. Price are moving in downtrend pitchfork channel 2. US Dollar also have made rebounce on weekly lower line pitchfork . Expecting strong US Dollar and demand in the coming weeks.
Short
by ap8forexchange
PITCHFORK - Forex USDJPY Weekly Analysis Feb 26th - Mar 2nd 2018SELL USDJPY Area: Pitchfork Upper Line Channel Pitchfork - Descending Entry: Instant/106.500 - Upper Line Target Profit: 105.800 - Median Line Next Target Profit: 103.900 - Lower Line Stop Loss: 107.500 Reward Potential: 260 pips Risk: 100 pips Reason: Last weekly analysis price fail to move higher on upper line and make reversal on median line (refer last week analysis) Target price to hit median line, you may lock profit here or next probability target to hit lower line pitchfork.
Short
by ap8forexchange
1
PITCHFORK - CFD XAUUSD Weekly Analysis Feb 19th - 23rd , 2018SELL 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.
OANDA:XAUUSDShort
by ap8forexchange