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Medianline

EURUSD WeeklyHello there, On the chart we have three pitchfork's, the pink one is a standard fork and has its upper parallel being tested, the blue fork is a modified Schiff which found resistance on its upper sliding parallel. Then there is the dashed gray pitchfork of which the medianline is being tested, all at a single point of confluence where a bat pattern formed its PRZ on the daily chart. Use your own analysis to confirm whether this could be a good trading setup for you or not. Goodluck !
Short
by dinnersticks
USDCADHello, First of all sorry for the cluttered view, I tried to make it as clean as possible. On the chart we have several pitchforks to indicate where price is headed. The sliding parallel which has been projected more than once keeps on being respected by price. The smallest(black) pitchfork still holds value as its warningline(black dashed line) formed a confluence with the projected sliding parallel at which price bounced after contact. I do understand this analysis is too late as price already bounced but a retest might give you a second chance! Goodluck
Long
by dinnersticks
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