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Terryhexiejiaoyi

EURUSD finally hits 1.14, completes big bat and smaller sharkLast week, I wrote about shorting eurusd around 1.14. I need to see a nice exponential volume happening around this area for a trend reversal to occur. It happened last night even though I am not aware of what happened. In the hourly time frame, it also completed a shark pattern, so I have shorted both eurusd and audusd today. Stops will be at the 1.27 level of the bigger bat (See related ideas) TP will be based on AD 382 of the big bat. This upsloping trendline is critical, if price cannot break below this trendline , I might TP earlier and re-enter on a type 2. good luck and good trading!
Short
by TerryHarmonicTrading
1
EURAUD - Potential Bearish Bat, BAMM move before bat completion?EURAUD looks to reverse from the lows this week. Once it breaks the slanting tl, it could start a BAMM move which will complete the big bearish bat. Traders can look to buy this move and wait for the bat to complete before shorting. If you choose to short the bat, SL has to go above XA 1.27. Targets will be AD 382 and 618. Last week was a week of waiting, this week should be a good harvest week. Good luck and good trading guys!
by TerryHarmonicTrading
2
Bitcoin challenges 10k again on a Bearish Bat PatternBitcoin last week completed a bearish shark and fell. It then formed a 5-0 pattern. This week, i am predicting a retest of 10k level to complete a bearish bat. This 10k level is really tough to overcome, i think it will need multiple tries before it finally breaks cleanly above this level. When the bat completes, i might look to short it again, but currently at this price level, I am long bias. Hope you guys enjoy my analysis, if you understand mandarin, i do weekly market analysis on my website, you can check them out. Good luck n good trading for next week!
Short
by TerryHarmonicTrading
2
EURUSD - Big Bearish Bat around 1.14Last week i posted about a bearish crab + deep crab completing around 1.1170. This week it reached this level but it has yet to break any support trendline for first confirmation of weakness. Today, it went higher, breaking previous highs. Some weeks, it is just about being patient and not trading when it does not meet your rules. looking at the big picture, I see EURUSD potentially completing this bigger bat around 1.14, this could mean stock markets breaking new highs and USD weakness to continue. if you look at DXY (US dollar index), we can see it potentially completing a bullish bat much lower. Therefore, I am now bullish bias on EURUSD and might look to buy on 15 minute bullish patterns or wait or 4 hour bat to complete before evaluating whether to go short on it. Good luck and good trading guys!
by TerryHarmonicTrading
3
NZDUSD - Bullish Shark CompletionNZDUSD looks like it is completing a bullish shark pattern on the hourly chart. The big trend for usd denominated pairs are all bullish, it is wise to go with the big trend and trade the trend following harmonic patterns. Caught 2 big moves in EURAUD and GBPNZD last week, EURUSD is also approaching the crab/deep crab pattern as highlighted. Overall I had a great week and I am now waiting for this shark pattern to form on NZDUSD. The prz is around 0.6090-0.6100, look for a reaction before entry. No reaction no trade! Stops will have to go below XC 1.27. Profit targets are at CD 0.5 and 0.886. Good luck n good trading. if you understand mandarin, I do Chinese harmonic analysis weekly on my website, you can check it out for a authentic harmonic analysis on the market weekly.
Long
by TerryHarmonicTrading
2
GBPNZD - Bullish CrabGBPNZD has completed a bullish crab at the moment. As the bigger trend is still down, it will be prudent to wait for some resistance trendline to be broken before we go long. Worse case scenario, GBPNZD might head lower to complete a 1902 crab before reversing. Alot has to do with price action over the next few hours/days. If price breaks trendline resistance and we go long, stops has to go below XA 2.0 Targets will be AD 382 and 618. Good luck and good trading everyone!
Long
by TerryHarmonicTrading
1
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