PITCHFORK - Forex USDJPY Analysis 2018 Swing Trade SetupUSDJPY
Analysis & Forecast for 2018 based on Pitchfork Trading Strategy
Current price at Lower Line , if price continue to push above Lower Line
Opportunity to Long USDJPY and High Probability price hit Median Line
Stronger DXY US Dollar in 2018 will help to push it higher
if price make a break on Lower Line this setup is not valid
Highprobability
USDCAD Long position High Probability Trading StrategyHigher time frame: Weekly
Lower time frame: Daily
Weekly Postion:
Momentum: Oversold
Pattern: Maybe ABC Correction.
Price: 50% retracement area.
Time: >100 Price project if compare Wave A and Wave C
Daily Position:
Momentum: Oversold
Pattent: Wedge Diagonal of wave 5 or ABC pattern
Price: 61.8-78.6% retracement area
Time: Not 100% L-L and 100% time Alternative Price Project.
PITCHFORK [CASE STUDY] - EURUSD WEEKLY ANALYSIS SWING TRADINGCASE STUDY - ANALYSIS
TIMEFRAME WEEKLY
LOWER LINE TO UPPER LINE
PRICE MOVEMENT
ESTIMATED 1 YEAR
Result
1. Price movement from lower line to median then retest on median.
2. Price rejected median and continue moving towards upper line.
3. Price made sharp reversal upon hitting upper line of pitchfork
ANDREW'S PITCHFORK
TECHNICAL ANALYSIS AND HIGH PROBABILITY TRADING STRATEGY