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Terryharmonic

USDJPY - Trend continuation next weekHey guys, just updating on my USDJPY analysis I wrote about last week. Price has missed my buy setup and gone up after the Fed interest rate announcement. With that, I will be adopting a trend following approach to my trade next week. The yellow zone represents my potential buying zone for next week. The MA on my chart that I use to plot trend is 34 high and 34 low. Anytime the price retest this band, at a prior support and resistance zone, it signals a buy after a pinbar completes on the pricebar. Stops has to go below previous low. 34 high and low is my personal favorite MA settings which is based on Fibonacci. Let's ride this trend until we are proven wrong or when a bearish harmonic pattern completes potentially above 106.
Long
by TerryHarmonicTrading
1
USDJPY - Inverse HNS to ride the C-D move of this shark pattern Hey guys, this is Shark Terry again. This is specially written for EYEO(Eugene), one of my followers. This is an update to an earlier post I wrote about USDJPY. I see the Shark pattern playing out over the next few weeks. The immediate level I am watching is to potentially go long on a HNS buy around 100.80 to 100.90. SL has to go below 100 at around 99.70. If this plays out, we are potentially risking 100 pips to make 600 pips.
Long
by TerryHarmonicTrading
1
NZDUSD - Daily Bearish Bat CompletionHey guys, this is Terry once again. NZDUSD is on a steady uptrend for the past 8 months. In pattern's perspective, we are looking at a potential completion of this bat pattern on the daily chart. The zone to watch for reaction is around 0.7550 to 0.7580. SL has to go above 0.78 with targets back to 0.69. Expect some reversal chart pattern around the PRZ zone before you go short. As this is a daily TF trade, expect to wait for reaction at PRZ before execution.
Short
by TerryHarmonicTrading
6
Potential Bullish Shark Pattern completing on GBPUSDObservation on the GBPUSD H1/H4 The formation of a potential shark pattern around 1.29. Price has completed the XABC move of this pattern. With a break of the upsloping trendline at point C, I am expecting price to come down to 1.29 where I will be interested to go long on a shark pattern. Potentially I can look for a 3:1 R:R move with a buy on the completion of this pattern. Aggressive traders can look to short GBPUSD from point C at 1.3180 to point D at 1.29.
Long
by TerryHarmonicTrading