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Terryharmonic

AUDJPY - Bearish Bat at top of ED ChannelHey guys, am currently watching AUDJPY. I am interested to go short on this pair. It has bearish bat pattern completion and it is at the top of my drawn ED channel a.k.a Parallel channel. EP: 78.70 SL: 79.40 (70) TP: 76.50 (220) If you are already took position on EURJPY idea posted early week, I suggest to keep this position to half your normal risk exposure. (1% max DD for me) NFP will happen tonight, if you do not mind trading the news, you could consider this as a trade idea. Good luck and great trading!
Short
by TerryHarmonicTrading
16
GBPUSD - Weekly Chart AnalysisHey guys, this analysis is done upon request from some of you. I will highly suggest not trading the pound for the next few weeks. No clear direction unless I zoom all the way out on the weekly chart. This is probably a timeframe that most are not accustomed to trade on, stops and targets are huge! Just sharing my view. If the pound does a fierce deadcat bounce from 1.24 to 1.35, that is where probably you could execute a trend continuation trade to continue shorting it. In the shorter timeframe, I don't see any setup that I can execute on, highly suggest for you to look at my other trade ideas to trade on. Have a great weekend guys!
Short
by TerryHarmonicTrading
5
EURUSD - Bullish Gartley Setting UpHey guys, this is probably coming in a few hours or for poised to complete early next week. I see a bullish gartley completing on EURUSD. This is a great gartley because of a few reasons. 1. Perfect confluence of XA and BC fibonacci 2. Perfect AB=CD pattern completion 3. Good support trendline that can validate that zone as a good support zone. I will monitor candlestick reversal and RSI oversold condition to execute my long.
Long
by TerryHarmonicTrading
1
Gold - Bearish Shark at top of ChannelHey guys, some sharing on Gold and how I will trade it. The blue channel is drawn on the H4 chart, it is a channel that has been respected for months. I saw a bearish shark completing on gold with the entry around 1350. SL will have to go above 1355 with profit targets back down at around 1315. Monitor these criteria before entry for a higher probability trade 1. RSI divergence and overbought at entry zone 2. Candlestick reversal (Pin bar or bearish engulfing pattern) Take care and great trading guys!
OANDA:XAUUSDShort
by TerryHarmonicTrading
2
GBPJPY - Bearish Shark Completion (14092016)Hey guys, a great pity to miss my long on EURJPY posted yesterday. Today, I am watching for GBPJPY to hit 137 for a potential short. SL will go around 137.60 and TP will be right back at 135. This is based on a shark pattern which completes at XC 100. Will look out for 1. Divergence at entry zone on the rsi 2. Reversal candlestick 3. Long hammer candlestick to confirm my entry. Personally, I find better success by doing market entries rather than pending orders for harmonic trading. Use these filters that I use, I can guarantee you a higher hit rate. Great trading all!
Short
by TerryHarmonicTrading
6
AUDNZD - Price at PRZ, awaiting break of trendlineHey guys, analyzing AUDNZD for some friends. AUDNZD is interesting. It has completed 2 patterns 1. AB=CD pattern 2. Gartley Pattern Both points to this currency pair rebounding. However, I will be hesitant to go long until price the breaks the trendline in red. Downward momentum is still very strong, will not feel safe going long without price showing it wants to break the downtrend first. This is my plan. 1. Wait for price to break trendline first 2. Buy on retest of yellow zone Will aim for 1.07 as my target with stops around 1.0250
Long
by TerryHarmonicTrading
4