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Terryharmonic

EURUSD - Potential Bullish SharkFirst of all, just want to wish my followers a belated Xmas and New year. Took a month off to just chill and enjoy some family time with my family. Missed a few good trades but I had no regrets. Checked out the charts and noticed AUDUSD attacked by a black swan event with alot of accounts going bust just few days back. GBPAUD which I analyzed last year flew up a few thousand points but my books were already closed for the year. Just want to get back to my basics and start profiting off some patterns asap. EURUSD Potential Bullish Shark Completion PRZ 1.1240 SL 1.1180 TP1 1.1370 TP2 1.1465 Wait for reaction at PRZ before entering long. No reaction no trade. Best to keep max loss per trade at 2% of equity. Good luck and good trading!
Long
by TerryHarmonicTrading
Deep Crab on the Pound, be patient!A deep crab pattern is potentially forming on the pound. Be patient and wait for this pattern to complete before considering whether to go long. In the shorter time frames, I will continue to keep a lookout for patterns to short before this big pattern completes. We are approaching the end of 2018, hope we can buy low on the pound and ride a few hundred pips to start 2019. GBPUSD - Deep Crab Pattern PRZ 1.2230 SL 1.1980 TP1 1.2688 TP2 1.2888 Do not use a pending order, wait for a price reaction at PRZ before going long. Limit your risk to no more than 2% of your capital always. Good luck and good trading!
Long
by TerryHarmonicTrading
1
Oil rebounds on a crab pattern, what next?Oil has rebounded off a crab pattern yesterday. It is clearly on a downtrend, but in any downtrend, there can be small rebounds and opportunities for traders to join the trend. Donald trump tweeted that oil will be lower in the coming months, but it does not mean there will not be small rebounds along the way. If oil manage to rebound to 61 - 61.20, we will be interested to short high on a bearish shark pattern. USOIL Bearish Shark Pattern PRZ 61 -61.20 SL 64 TP1 57 TP2 53.75 Never risk more than 2% of your capital on any single trade, good luck and good trading!
TVC:USOILShort
by TerryHarmonicTrading
2
GBPAUD - Bullish Shark at 1.7440After the big shark completed back in Oct, GBPAUD has fallen around 1000 pips. (See related ideas) Right now, it seems to be forming a bullish shark. At the PRZ zone of the bullish shark, look left and you can see some nice daily structure support too. When price reacts near the PRZ, we could be looking at a high probability long trade. PRZ 1.7440 SL 1.6870 TP1 1.8085 TP2 1.8580 Ideally, we want to see exponential volume when price reaches near the PRZ zone to confirm that big buyers might have entered the market. Do not use pending orders and keep your risk per trade within 2%.
Long
by TerryHarmonicTrading
1
AUDUSD - Bearish Shark PatternThis is the 4 hour chart of AUDUSD. It is currently still on a big downtrend within an ED channel. Harmonics can be used to pick big market reversal, but it also can pick smaller reversals that aligns with the bigger timeframe. In this case, we have a bearish shark which aligns with the h4 bearish trend. PRZ: 0.7160 SL: 0.7210 TP1: 0.7090 TP2: 0.7040 We shall go short when the markets reacts to the PRZ zone, no reaction no trade! Limit your risk to not more than 2% per trade, all the best!
Short
by TerryHarmonicTrading
1
USDCAD - 2 ways to trade this bullish sharkThis is the 4 hour chart of USDCAD. We have a bullish shark pattern that will complete around 1.2780. We are also currently at a channel resistance and this could be the C point of this bullish shark. Therefore I have 2 ways to trade this. 1. Sell from C to D This is alot riskier and I highly advice reducing your risk from 2% to 1% if you take this setup. SL will have to go above 1.3165 and target will be at 1.2780. 2. Wait for bullish shark to complete before buying in This is much more recommended and I will wait for a market reaction at this level before going long. PRZ 1.27980 SL 1.2670 TP1 1.2950 TP2 1.3090 October has been great for me, exercised alot of patience and I was able to hold on to profitable swing trades. CHFJPY yesterday was great, GBPCAD last Friday was also awesome. Glad to be able to share my thoughts with you guys, do like and share if you enjoy my ideas.
by TerryHarmonicTrading
3
EURNZD - Bullish Bat PatternAfter a 400 pips fall in the past 2 weeks, we are approaching a nice support zone for EURNZD. A bullish bat pattern will complete around 1.7520-1.7530. This is a higher time frame trend aligning bullish setup which could easily reach our TP if executed correctly. The market must react to the PRZ zone before we can consider going long, never use pending orders unless you want to lose more than you win. Real harmonic execution is based off market reaction, no reaction no trade. PRZ 1.7520-1.7530 SL 1.7405 TP1 1.7680 TP2 1.7770 Strong advice not to risk more than 2% on any trades for long term sustainable trading. Good luck and good trading!
Long
by TerryHarmonicTrading
Gold - Bearish Deep Crab PatternGold could be completing a bearish deep crab pattern in the coming days. After rebounding perfectly off a bat pattern, will this deep crab give us another great profit opportunity in the next few trading days? Deep crab differs from Crab at the B point, where the retracement is much deeper at 88.6%. This 88.6 retracement usually reacts off the XA 161.8 nicely due to its harmonic nature. PRZ 1232-1235 SL 1245 TP1 1215 TP2 1200 We can see Gold back at 1200 if it both TP of this deep crab pattern is hit. Good luck and good trading!
OANDA:XAUUSDShort
by TerryHarmonicTrading
2
CHFJPY - Bearish Shark PatternThis is a follow up to the CHFJPY analysis which we TP 300 pips 2 weeks back. (See related trade ideas) After hitting the first TP of the big daily bat, CHFJPY continued to fall, but I have fully closed my trades locking in 300 pips. The 2nd TP of the bat is at 112.20, which has yet to be reached. Usually, we see smaller patterns form within bigger patterns. In this case of CHFJPY, I see a hourly shark completing around 113.60. I have shorted it after the red candle close after testing this zone twice. If we are lucky, we can see it falling to 112.20 which is my final TP. PRZ 113.60 SL 113.80 TP1 112.90 (using CD 88.6 instead of 50 as my tp because this is a trend aligning setup with daily) TP2 112.20 (Big Bat 61.8) Do not risk more than 2% of your capital on any trades, wish you guys a great end to this week!
Short
by TerryHarmonicTrading
Dollar Index (DXY) - Bearish Shark Pattern @ 97This is the US dollar index. Right now it is on a 4 hourly uptrend, looking to retest the highs at 97. If it successfully retest 97, it will complete a bearish shark pattern which could easily see it falling back to 95.40. Right now, it pays off to be patient, always buy low and sell high and vice versa. These are the levels I will be keeping a close watch at. EP 96.95 - 97.05 SL 97.50 TP1 95.40 TP2 94.20 No reaction, no trade. Good luck and good trading!
TVC:DXYShort
by TerryHarmonicTrading
2
Gold - Bearish Bat PatternThis is Gold at key weekly resistance of 1205-1207. After the nice push up from 1190, it has stalled and seems to be going sideways. Mapping out my fibo ratios, I realized that it is nicely sitting at a bearish bat pattern PRZ. For today's trade, I will extend my stops a little bit further as this bat pattern with its B point at 0.382 could extend into an alternate bat pattern. PRZ: 1205-1207 SL: 1217 TP1: 1197 TP2: 1191 Compared to commonly traded fx pairs like Eurusd, Gold is 10 times bigger, so a typical 1 standard trade on EURUSD will be only 0.01 on Gold, keep that in mind and do not over expose your positions. Good luck and good trading!
OANDA:XAUUSDShort
by TerryHarmonicTrading
2
EURUSD - Lookout for Sharks at 1.1670It has been awhile since I last posted in the English version of TV. Has been busy populating the chinese version as I am now currently based in China. However, due to numerous requests from my followers, I have decided to start posting in here more often now. Today's analysis is on EURUSD, where I see a potential shark pattern to buy down below at 1.1670. Bullish Shark at 1.1670 EP 1.1670 SL 1.1630 (40) TP1 1.1735 (75) TP2 1.18 (130) The EP is only a zone to consider, if there is no reaction at this zone, there will be no trades. Even if EURUSD were to retrace to 1.1775 first before dropping, I will not be surprised. If you look at the DXY dollar index chart, if DXY falls to 91 after the failed breakout last month above 96, it is just a retracement to lower support levels. My analysis is if DXY continues to come down to support, we can see EURUSD breaking monthly highs in the coming weeks. But as with most analysis, do your own due dilligence and control your risk well. Wish you guys a great trading week ahead!
Long
by TerryHarmonicTrading
4