GBPJPY - Bearish Shark Completion (14092016)
Updated
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!
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!
Note
Still awaiting short at 137.
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