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Samm

EURAUD - Potential Shark PatternWe have a potential shark pattern completing on EURAUD. It might be doing a C-D move of the shark right now. Some interesting observation: 1. NFP was on thursday, but there was a huge vol spike on Friday 2. Hidden buyer or hidden seller? I'm expecting usd denominated pairs to go higher this week with Euro leading the pack. Stock indicies should also inch higher. Same applies to EURAUD, I will be waiting at around 1.6410-1.6430 for a potential sell. For daredevils, you can also consider trading the C-D move on this shark but it has higher rates of failure. Good luck and good trading!
Short
by TerryHarmonicTrading
Bitcoin - Potential Bearish Shark 9640 - 9680Bitcoin looks to be rebounding off the lows last week. It could complete a bearish shark around 9640-9680. Right now is just a waiting time, will consider whether to go short after price test the entire PRZ zone. If it breaks up and hits XC 1.27, there will be no trade. If it reverses with healthy volume from the PRZ, I will be going short. This current move mimics the upswing on AUDUSD yesterday, have you seen it yet? (See related idea) Targets will be CD 0.5 and 0.886. NFP this week, good luck n good trading all!
Short
by TerryHarmonicTrading
AUDUSD - Bearish Shark at 0.6960-0.6970AUDUSD looks to be heading north, there could be some rebound in the stock market this week I guess, with falling USD. Is the FED planning a new stimulus again. My view for AUDUSD is that it should go up and complete a bearish shark pattern around 0.6960-0.6970. It will be wise to wait for patterns to complete before getting into the trade. If you are adventurous, you can consider trading the C-D leg on this AUDUSD shark move too. For shark pattern generally, profit targets are at 50% retracement of CD leg and 88.6% of CD leg. Stops has to go below XC 1.27. Good luck and good trading!
Short
by TerryHarmonicTrading
AUDUSD - Bearish Shark completion 0.7030 - 0.70352 days back, I outlined my strategy for trading Aussie, I was expecting a bounce if price breaks the down-sloping trendline. it finally broke above the trendline last week and AUDUSD is now completing the C-D leg of the shark pattern. PRZ1 is around 0.7030-0.7035. PRZ2 is around 0.7060 Shark has multiple PRZs, the critical part is about when to execute the trade. A simple trigger I use is to wait for a break of up-sloping trendline connecting the lows along C-D. Once it breaks below this trendline, i will go short. If RSI shows a divergence or a RSI bamm, this short trade will likely have a higher chance of success. Stops has to go above XC 1.27, targets will be at CD 0.50 and 0.886. Good luck and good trading everyone!
Short
by TerryHarmonicTrading
GBPAUD - Potential Bearish SharkGBPAUD looks poised to complete a bearish shark pattern. I like the volume action at the lows, which shows signs of big buyers buying in. Traders can go long from the C-D move (Buy with stops around 1.8860 and target at point D completion) Or wait for a safer bet after point D is completed. D completion is around 1.9275 to 1.9285. SL has to go above XC 1.27, profits targets will be CD 0.5 and 0.886. This month I have done so many C-D move, it is pretty useful, I coin this move the SAMM (Shark Action Magnet Move) Hope some of you like my ideas, will keep sharing if you find them useful.
by TerryHarmonicTrading
EURJPY - 2 potential bearish sharks, trade the C-D wave?There are 2 potential sharks coming up on EURJPY. Both pointing to EURJPY going higher below coming down. The 1st mini bearish shark can yield about 100 pts whereas the bigger shark can potentially yield about 600 pips trading the C-D wave. I term this move the SAMM, where I see a rapid move from the C point of a shark towards the D point. Previously traded this move on gold and cadchf and both worked out pretty well. (Chinese region TV idea) You can also consider waiting for the bearish shark to complete before going short.
by TerryHarmonicTrading
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