Andrew’s Pitchfork Signals

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Andrew’s Pitchfork Signals

Forty Seventh session of Forex Training

Welcome back to Forex professional training in financial markets.

In this session Andrew’s Pitchfork signals will be studied in details.

First signal model

In a Bullish format, after a price has reaches the 3rd pivot, it will increase until the 1st pivot line.

Then the price will decrease until the 3rd pivot line. A Sell order can be placed on this breakout point with TP equal to the 3rd pivot price.

SL can be above a breakpoint until the last peak that touched the 1st pivot line.

An example on an uptrend shows that the price has reached the conditions of this model, then the price met the 3rd pivot price.

In a Bearish format, after the price has reaches the 3rd pivot, it will decrease until the 1st pivot line.

Then the price will increase until the 3rd pivot line. A Buy order can be placed on this breakout point with TP equals to the 3rd pivot price.

SL can be above a breakpoint until the last peak that touched the 1st pivot line.

Andrew’s Pitchfork Signals - Pivot and Trigger Lines and Levels, Breakpoints, MetaTrader MT4 Price Chart

Second signal model

In a Bullish format, after price has reaches the 3rd pivot, it will increase until the 1st pivot line.

Then the price decreases towards the 3rd pivot line again, but just before touching this line it will change its direction.

A Buy order can be placed on this reversal point with TP equal to 1st pivot price. SL can be lower than the 3rd pivot line.

In a Bearish format, after the price has reaches the 3rd pivot, it will decrease until the 1st pivot line.

Then the price increases toward the 3rd pivot line again, but just before touching this line it will change its direction.

A Sell order can be placed on this reversal point with TP equal to the 1st pivot price. SL can be higher than the 3rd pivot line.

A Bullish type can be drawn on MT4. After the price has returned from the 1st pivot line, it did not cross or touch the 3rd pivot line.

Thus, a Buy order could be placed on the last valley with TP price equal to the price of the latest 1st pivot line cross.

Andrew’s Pitchfork Signals - Reversal Point on Awesome Oscillator - Pivot and Trigger Lines

Third signal model

In a Bullish format, after the price has reaches the 3rd pivot, it will increase but it will not cross or touch the 1st pivot line, so it will change its direction towards the bottom again.

After price crosses the Trigger line, trader can place a Sell order with TP price equal to the 1st pivot price.

SL price is between the breakout point and the last peak.

In a Bearish format, after the price has reaches the 3rd pivot, it will decrease but it will not cross or touch the 1st pivot line, so it will change its direction towards the top again.

After the price crosses the Trigger line, trader can place a Buy order with TP price equal to the 1st pivot price.

SL price is between the breakout point and the last valley.

Andrew’s Pitchfork Signals - Median Line, Support and Resistance Levels, Sell Stop, Stop Loss, Take Profit

On USDJPY symbol, price has formed this type of Andrew’s Pitchfork.

Price did not touch the 1st pivot line after it has pass the 3rd pivot, thus, a trader could place a Buy order after Trigger line was crossed.

TP price was reached in this pattern if a Buy order has been placed.

Trader should practice several times to enhance his/her ability to detect valid and correct pattern.

That concludes this session, until next time and another session take care.

Linkages & Notices

You can also view the video of this session available on the PFOREX Financial Video tutorials.

You can also find the video of this session on PFOREX YouTube Channel.

PFOREX Assist app provides BEST & FREE trading signals and market analysis. PFOREX Assist is available on App Store (iOS version) & Play Store (Android version).

The PDF file of this session is also available.


PFOREX Educational materials in text and video formats are developed by PFOREX Department of Education to enhance and improve investors’ knowledge and trading skills. Due to high risks and volatile fluctuations in financial markets, traders and investors must develop their trading skills and knowledge. It is strongly recommended to apply Risk and Capital Management when trading in financial market.

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