TerryHarmonicTrading

TerryHarmonicTrading

Bitcoin 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...

TerryHarmonicTrading

Last 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...

TerryHarmonicTrading

CHFJPY has completed a bearish butterfly pattern. I am now awaiting a break of the support trendline to go short. SL has to go above XA 1.618. Targets will be at AD 382 and 618. USDCHF also completed a bullish deep crab, could there be a big move incoming on CHF? Let's wait and see.

TerryHarmonicTrading

AUDNZD looks like it is completing a bearish shark. The c point is not at ideal 1.13, however I checked with Scott Carney on the rules and he taught me that a fake breakout A can still be a valid point C for a shark pattern. i will be waiting for some support to break before i go short. (black trendline) No break no trade. Stops should go above XC...

TerryHarmonicTrading

NZDUSD 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...

TerryHarmonicTrading

GBPNZD 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...

TerryHarmonicTrading

CADCHF has completed a bearish shark pattern. I am now awaiting the break of the support trendline to go short. If it does not break the support, it could go higher to complete a 1.13 shark. If it successfully breaks below trendline, my stops will be at XC 1.27 with Tp at CD 0.5 and 0.886. Good luck and good trading everyone!

TerryHarmonicTrading

I see a deep crab and crab formation on EURUSD. This suggest that EURUSD could go higher this week after hitting target 1 on last week's bat pattern. This move can bring EURUSD to 1.1160-1.1170. We can be patient and wait to short or go long on this C-D move. According to crab pattern rules, SL has to go above XA 2.0 Targets will be AD 382 and 618.

TerryHarmonicTrading

Last week's short are all closed. This week most USD denominated pairs are gonna skyrocket. Indices up, USD down, XXX/USD all up. For Gbpusd, we are looking at a minimal move to 1.2420 to complete a bearish bat pattern. Let the waiting game begin!

TerryHarmonicTrading Updated 

EURUSD has completed a bearish bat on the H4 timeframe. RSI is overbought, and it looks like it is turning. A great way to enter this trade will be to wait for the support trendline to be broken before going short. Stops will be best above XA 1.27. Targets will be AD 382 and 618. Good luck n good trading!

TerryHarmonicTrading

NZDUSD has completed a bearish shark pattern at nice trend line resistance. Will consider to go short when support trendline is broken. Stops has to go above XC127.2 TP will be CD 0.5 and 0.886. Good luck and good trading.

TerryHarmonicTrading

AUDJPY completed a bearish gartley yesterday, but price just shot above the PRZ. When there is no reaction, there is no trade. I woke up today happy to spot a bearish shark on AUDUSD. The PRZ is at the XC 1.13 zone and it looks like it is reversing. I will go short when price breaks the support trendline. SL has to go above XC 1.27. Targets will be CD 0.5...

TerryHarmonicTrading

AUDJPY will complete a bearish gartley at 69.80. Big trend is still down and I will wait for bearish patterns to complete before going short. SL has to go above XA 1.27. Targets will be AD 382 and 618. Good luck and good trading everyone!

TerryHarmonicTrading

Gold looks poised to rise further to complete a deep crab pattern around 1800. When the pattern completes, we need to wait for reversal candlestick patterns or a break of support trend lines before getting on board. For deep crab patterns, SL has to go above XA 2.0. Profit targets will be 382 and 618 retracement of AD leg. Good luck and good trading everyone!

TerryHarmonicTrading

Bitcoin has completed a bearish bat pattern. Now is NOT the time to buy in. I will be looking forward to a drop. For this bat pattern, the SL has to go above XA 1.27. Targets will be 382 and 618 of AD leg. good luck and good trading!

TerryHarmonicTrading

GBPAUD 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...

TerryHarmonicTrading

EURGBP has completed a butterfly. It looks poised to drop further. For a butterfly, SL has to go around XA 1.618. TP will be the 382 and 618 retracement of AD. Has been a really great month so far, hope you guys are doing great too! Good luck and good trading!

TerryHarmonicTrading

USDJPY has completed an alternate bat pattern. RSI has reached overbought status and I am looking for a retest of the zone for a short. The best case scenario will be for the PRZ to be tested a second time, and we go short after it breaks the support trendline. If it continues to fall from here, i shall pass on this trade. NZDUSD, AUDUSD and AUDJPY setups...