Andrews Pitchfork (Median Line)

Will there be a "EUR/JPY Breaks Par" party?

USD/JPY has been under par (100.00) for two straight years. As long as it isn't making any strong and consistent rallies to the upside, I see the above as inevitable.

A re-test could occur of the UML high of the modified schiff and/or the upper quartile.

Price is potentially in for a very tough battle if it is to reach the median line of the upfork.

Lets wait and see if your C pivot is valid before even considering that up move. I have a feeling its not the cycle low.

I only mentioned the median line because that is the standard target for any pitchfork. It's not that I have high hopes of price reaching it.

Observation is always a priority. "What-if" forks are not a distraction for me. It also is about what you want from a setup at any given time. Some scalp, and some don't.

fwiw

Good work, here's a nice target.

http://content.screencast.com/users/...12-18_1003.png

Pink is schiff, just throwing it in there. Gap up on open would be nice


http://content.screencast.com/users/...12-18_1038.png

It`s the drawing of the fork that i seem to struggle with, either that or i am trying to "make" it fit.

http://content.screencast.com/users/...12-18_1122.png

CHF.

http://content.screencast.com/users/...12-19_1619.png

Nice A/R interaction, took a small profit and live to fight another day

http://content.screencast.com/users/...12-20_2256.png

Wanted to long this but didn't get the opportunity in the end

http://content.screencast.com/users/...12-20_2301.png

Eur/Usd on 4hr tf. Price dropped from median line to lower quartile line, took out stops from P1 longs (where lower median line originated) and reversed.

- the upfork is a modified schiff

- the targets are the quartiles of the downfork (either direction)

- the energy point (arrow) might become an area price is attracted to

The upfork in the 1st chart is a modified schiff. The upfork in the second is its original.

Merry Christmas, Forkers!

Merry Christmas!

Merry Christmas!

Merry Christmas and Have fun

Happy New year

I am short on EUR/USD My tagret is the red ML