Looking for an opportunity to sell as we are getting closer to the upper limit of this very reliable pitchfork.
Presently short at 104.05 after price reached resistance bar and failed to break it TP 100.15
Presently short at 11450 after price reached median bar of this Pitchfork. 1st TP 11230 2nd TP 10990
EURUSD touched the 1.618 Fib, and after a while finally got out of the regression box. Short TP1 : 1.1140 TP2 : 1.1060
We are almost at the 1.618% level looking for sign to get short..
I am currently short the Euro following a plan I published previously. But this repetition of configuration worries me. If we do have here a bullish triangle again then on break up. we do have to aim for the 1.618 Fib....AGAIN What do you think ?
Trendline + 0.618 FIB+ + Resistance Line + RSI in OB = Short
The last H&S was very rewarding. I will sell if the support is broken
Trendline + resistance line + 0,382 Fibline give us a favorable zone for short.
I publish a few days ago chart A : a Bullish 4H Andrew Pitchfork formation with a break of the Hagopian line.. Quickly invalidated unfortunately But... Chart B shows also a Bearish Andrew Pitchfork formation on a daily chart still running strong . Chart C shows a Fib analysis supporting a Bullish approach.....but Chart D Shows another Fib analysis...
Buy the break of the rising pennant up to point D and then short
The break of the hagopian line is a buy signal
GBPUSD Overnight Play. With reassessment when the 0.263 line is reached
Overnight play. With reassessment when the 0.236 line is reached