Stick a fork in the E/$

I tried to post this in the trading room, but I guess I’m unworthy, lol.

Euro has been stair stepping up a fib ladder as seen on the dailies, price is still under the center median and is the target imho. There’s talk on the Euro thread of shorting, which could be a valid entry on a retest of the upper median of the smaller fork as seen on the 2nd chart basically a double top. However to me this looks like a normal correction back to the resistance now turned support rather than the start of a sustained bear.

Price is still technically in an uptrend as we have not taken out any of the prior swing lows. One could look for a smaller time frame pattern around the current top, but my guess is we will form a small H&S or ascending wedge (some reversal pattern higher to start the next larger correction.

Fwiw.

Cad, simple look for a reversal pattern around .9600

Hey auxesis.

I was looking allover for your Pitchfork charts at the GBPJPY thread and later realized you took them all out.

I admire how you worked on your Pitchforks and I am bent on including it as an essential tool for my Analysis alongside my Elliott Wave Counts.

Would you kindly check if my EURUSD Charts have been set with the proper Pitchforks?

Your analysis last Oct 14 was spot on. Eurusd has continued to climb.

I am attaching the eurusd charts I labelled.

EG