We are at the bottom of the EURUSD range. Bulls are defending the 1.216x level very strong and price action suggest that the continuation of this uptrend is on the way.
This pitchfork looks good for the following reasons:
[* Several tests on the median line] [* The drop from pivot 2 to 3 has been relatively symmetric to the line that joins pivots 2-3] [* Price has already reacted to the lower parallel]
This is a 5 star opportunity. You can make 3 times your risk.
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Error with text formatting. The pitchfork looks great for the following reasons:
* Several retests of ML * The drop from pivot 2 to 3 has been relatively symmetric to the line that joins pivots 2-3 * Price has already tested the lower parallel
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There's room for price to go to 1.216x so wait until a breakout of the black line happens